Singapore shares closed higher on Tuesday, mirroring regional gains as a rebound in global risk appetite lifted markets after a spell of intense volatility. Investors are now focused on upcoming earnings reports from key STI constituents.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,910.40 and 4,948.65 throughout the day. It ended the session at 4,944.09, up 51.82 points or 1.1% compared to Monday's close.

In economic news, Singapore's overall factory activity rose to 50.5 in January, booking its highest reading in the last 10 months, backed by strong demand for artificial intelligence-related products, according to a report by The Business Times, citing data from the Singapore Institute of Purchasing and Materials Management (SIPMM).

In corporate news, shares of CapAllianz (SGX:594) surged over 100% at the close even though the company flagged a net loss for the fiscal first half ended Dec. 31, 2025, compared with a net profit a year earlier.

Keppel Pacific Oak US REIT (SGX:CMOU) was down over 4% as it booked a distribution per unit or DPU of $0.0025 in the second half of 2025, after not reporting any a year earlier.

Meanwhile, Parkway Life REIT's (SGX:C2PU) shares rose nearly 1% as its distribution per unit or DPU jumped 3.5% in H2, 2025 to SG$0.0764 from SG$0.0738 a year earlier.