Singapore Shares Retreat to End Week in Red as Wall Street Slump Ripples Across Asia

MT Newswires
02/06

Singapore shares slipped into negative territory on Friday, tracking broader losses across the Asian markets after Wall Street tumbled last night as tech stocks extended a sharp sell-off.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,926.80 and 4,953.00 throughout the day. It ended the session at 4,934.41, down 41.46 points or 0.8% compared to Thursday close.

On the corporate front, CapitaLand Integrated Commercial Trust's (SGX:C38U) shares were up nearly 3%, as its distribution per unit or DPU rose 9.4% to SG$0.0596 in the second half of 2025 from SG$0.0545 a year earlier.

Shares of Taka Jewellery (SGX:42L) were up over 6% at the close, with the company forecasting a significant improvement in its revenue and net profit for six months ended Dec. 31, 2025, compared.

Meanwhile, Zixin Group (SGX:40W) said it saw a 50% increase in its annual quantity demand to 1,620 tons for 2026 after renewing its order for probiotic-infused fermented sweet potato feedstock.

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