0950 GMT - Singapore's FTSE Straits Times Index rose 0.8% to 4996.05, a few points shy of the psychologically-important 5000 level, after the U.S. and Iran agreed to a cease-fire. The benchmark's gains were led by air-cargo handler SATS, which rose 4.5%. Property companies Hongkong Land, City Developments and UOL Group rose 4.2%, 4.1% and 3.65%, respectively.Index heavyweights DBS Group and Oversea-Chinese Banking Corp. were little moved. The STI's gains were measured, compared to North Asian peers, says CMC Markets Singapore's Alex Ho. He expects the cease-fire to be net positive for the benchmark index, as it's dominated by financials and cyclicals that could benefit from reduced risks of inflation risk and recession. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

April 08, 2026 05:50 ET (09:50 GMT)

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