Singapore Shares End in Red as Oil Spikes Past $102 Amid Escalating US-Iran Tensions

MT Newswires

Yesterday

Singapore stocks incurred further losses on Friday, as escalating US-Iran geopolitical risks pushed oil prices over $102 a barrel.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,624.70 and 5,686.79 throughout the day. It ended the session at 5,634.82, down 32.85 points or 0.6% compared to Thursday's close.

On the corporate front, shares of Asiatic Group (SGX:5CR) plunged over 33% at the close, as it agreed to fully acquire Malaysian automotive dealership Karrus Mobility's Chery iCaur electric vehicle brand for SG$2 million.

CapitaLand Investment (SGX:9CI) closed nearly 2% lower even though the company and its listed and private funds achieved strong results in the 2026 GRESB Real Estate Assessment.

Meanwhile, A-Sonic Aerospace (SGX:BTJ) completed the proposed acquisition of a 60% stake in 3DC Solutions. Shares closed flat Friday.

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It ended the session at 5,634.82, down 32.85 points or 0.6% compared to Thursday's close.</p><p>On the corporate front, shares of Asiatic Group (SGX:5CR) plunged over 33% at the close, as it agreed to fully acquire Malaysian automotive dealership Karrus Mobility's Chery iCaur electric vehicle brand for SG$2 million.</p><p>CapitaLand Investment (SGX:9CI) closed nearly 2% lower even though the company and its listed and private funds achieved strong results in the 2026 GRESB Real Estate Assessment.</p><p>Meanwhile, A-Sonic Aerospace (SGX:BTJ) completed the proposed acquisition of a 60% stake in 3DC Solutions. Shares closed flat Friday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999002679.SGD","symbol_name":"LionGlobal Singapore Balanced SGD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2672271370","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2672271370","pubTimestamp":1790933740,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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