Singapore stocks rose on Tuesday—STI climbed by 0.8%

Singapore stocks rose on Tuesday, August 6, rebounding from a global market slump where all three major Wall Street indices declined.

Singapore stocks rose on Tuesday, August 6, rebounding from a global market slump where all three major Wall Street indices declined.

The Straits Times Index climbed 0.8%, gaining 24.79 points to reach 3,268.46 as of 9:01 am, The Business Times reports.

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LifeBrandz was the most actively traded stock. Its price stayed flat at S$0.002 after about eight million shares were exchanged. Mapletree Logistics Trust saw significant activity as well, rising 1.6% or S$0.02 to S$1.31 after four million units traded.Banking stocks boosted the market’s positive start. DBS increased by 0.9% or S$0.30 to S$33.57. UOB rose 0.7% or S$0.22 to S$30.30, and OCBC climbed 1.4% or S$0.19 to S$14.21.

On Monday, US stocks saw a sharp sell-off due to economic worries and instability in overseas markets. The Dow Jones Industrial Average fell 2.6%, losing over 1,000 points to close at 38,703.27.European markets were not spared from the global downturn. The main European stock index dropped to its lowest level in over six months on Monday as worries about a slowdown in the world’s largest economy impacted global equities.

The Stoxx 600 dropped 2.2% at 487.05. This marked its sharpest three-day drop since June 2022, ending below the 500-point level for the second day.Donald Trump says he will debate Kamala Harris but only on Fox News or not at allJD Vance seems to be drowning and Donald Trump doesn’t want to rescue him“What to do in this situation?” — SG man with financial burdens says his wife refuses to work, do household chores, and only wants to cook once a monthMan says the reason SG men are still single in their 40s is because SG women want “rich, powerful, smart, eloquent, and handsome men”Letter to the Editor | Key factors to consider before enrolling in a degree program to avoid disappointing return on investmentFrom hunger to hope: “Super mum” provides community fridge to feed her neighbours; over 200 families with children have free meals now

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