Singapore Stocks Reclaim Record High on Haven Demand in Iran War
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Article Excerpt
Singapore stocks reclaimed record highs for a second day as investors sought refuge amid escalating tensions between the U.S. and Iran that have sent oil prices soaring.
The Straits Times Index rose 1.2% to close at 3,468.59 on Thursday, its highest level since June. The index gained 0.7% on Wednesday to close above 3,400 for the first time since early May.
The rally in Singapore’s benchmark was led by technology and real estate companies, with CapitaLand Mall Trust surging 6.1%. Oil stocks also saw gains as oil prices climbed following attacks on Saudi Arabia’s oil facilities last week. Tem…
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Jun 4, 2026