Singapore shares began Monday’s session slightly lower as investors considered an unexpected monetary-policy tightening by the Monetary Authority of Singapore.
The Straits Times Index opened at 5,576.84, compared with Friday’s close of 5,588.34, representing an initial decline of approximately 0.2 per cent. The index subsequently recovered as broader Asian sentiment improved.
MAS responds to inflation risks
Singapore’s central bank surprised markets by slightly increasing the rate at which it allows the Singapore dollar’s policy band to appreciate.
The decision was intended to address persistent inflation risks, including the potential impact of elevated energy costs. The width and central level of the exchange-rate policy band remained unchanged.
The Singapore dollar strengthened modestly following the announcement. Meanwhile, a sharp decline in global oil prices offered some support to equities as tensions between the United States and Iran showed tentative signs of easing.
Investors remained cautious ahead of major international central-bank meetings and a heavy schedule of corporate results.
Newshub Editorial in Asia – 27 July 2026
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