Singapore Shares Close Lower. Seatrium, Genting Sing Up 1.4% Each; Singtel Down 2%; Tencent, Alibaba HK SDR Down over 3%
Singapore's shares closed lower on Monday, tracking losses in the regional markets, weighed down by uncertainty surrounding the impact of US tariff policies.
The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,889.07 and 3,922.66 throughout the day. It ended the session at 3,899.07, down 15.41 points or 0.4% compared with Friday's close.
Seatrium, Genting Sing up 1.4% each; Tencent, Alibaba HK SDR down over 3%.
shares of Singapore Telecommunications were down 1.8% after it completed the strategic partnership with Lendlease for the redevelopment of the telecom company's Comcentre property.
HongKong Land shares were down nearly 2% after its attributable loss to shareholders widened to $1.39 billion for the year ended Dec. 31, 2024, from $582 million a year earlier.
Meanwhile, shares of Fuxing China were down nearly 2% at the close after it appointed an additional independent third party valuer, Fuijian Jinnuo Land real Estate Asset Appraisal to carry out independent valuation of the market value of its interest in Jinjiang Jianxin Weaving.
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