Singapore stocks fell for a second straight session on the 13th. The ST Index closed at 5,231.84, down 0.96% from the previous day, as selling spread across stocks that had announced earnings. Higher crude oil prices and expectations of a US rate hike also weighed on investor sentiment.
The ST Index fell sharply in Singapore trading on the 13th. It closed at 5,231.84, down 50.86 points from the previous day, with 23 of the 30 stocks declining.
One factor pushing the index lower was selling in stocks that had announced earnings for the July-September and April-September periods. Rising crude oil prices and expectations of a US rate hike were also reported to have worsened investor sentiment.
Market participants are taking a wait-and-see approach as they assess company-specific earnings and the impact of external conditions, while monitoring the market's future direction.