Singapore Stocks Skid as Oil Tops $100 -- Market Talk

Dow Jones

03/09

0533 GMT - Singapore's benchmark FTSE Straits Times Index tumbles amid a wider equity selloff as oil prices top $100 a barrel on the escalating Middle East conflict. The index slides 2.3% to 4734.84. Property company Hongkong Land and air cargo handler SATS lead declines, falling 5.5% and 4.9%, respectively. The stock index is likely to test recent lows thanks to heightened near-term risks, DBS Group Research says in a note. Its analysts are watching the duration of elevated oil prices rather than the sharp price jump itself, noting that shares of offshore and marine company Seatrium and defense group ST Engineering--both STI constituents--could benefit in the longer term as the conflict rages on. Seatrium falls 2.6%, and ST Engineering is 2.1% lower. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

March 09, 2026 01:33 ET (05:33 GMT)

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The index slides 2.3% to 4734.84. Property company <a href=\"https://laohu8.com/S/HKHGF\">Hongkong Land</a> and air cargo handler SATS lead declines, falling 5.5% and 4.9%, respectively. The stock index is likely to test recent lows thanks to heightened near-term risks, DBS Group Research says in a note. Its analysts are watching the duration of elevated oil prices rather than the sharp price jump itself, noting that shares of offshore and marine company <a href=\"https://laohu8.com/S/5E2.SI\">Seatrium</a> and defense group ST Engineering--both STI constituents--could benefit in the longer term as the conflict rages on. Seatrium falls 2.6%, and ST Engineering is 2.1% lower. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 09, 2026 01:33 ET (05:33 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SGGKY","symbol_name":"Singapore Technologies Engineering Ltd.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2618614416","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2618614416","pubTimestamp":1773034380,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0533 GMT - Singapore's benchmark FTSE Straits Times Index tumbles amid a wider equity selloff as oil prices top $100 a barrel on the escalating Middle East conflict. The index slides 2.3% to 4734.84. Property company Hongkong Land and air cargo handler SATS lead declines, falling 5.5% and 4.9%, respectively. The stock index is likely to test recent lows thanks to heightened near-term risks, DBS Group Research says in a note. Its analysts are watching the duration of elevated oil prices rather than the sharp price jump itself, noting that shares of offshore and marine company Seatrium and defense group ST Engineering--both STI constituents--could benefit in the longer term as the conflict rages on. Seatrium falls 2.6%, and ST Engineering is 2.1% lower. 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The index slides 2.3% to 4734.84. Property company Hongkong Land and air cargo handler SATS lead declines, falling 5.5% and 4.9%, respectively. The stock index is likely to test recent lows thanks to heightened near-term risks, DBS Group Research says in a note. Its analysts are watching the duration of elevated oil prices rather than the sharp price jump itself, noting that shares of offshore and marine company Seatrium and defense group ST Engineering--both STI constituents--could benefit in the longer term as the conflict rages on. Seatrium falls 2.6%, and ST Engineering is 2.1% lower. (megan.cheah@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 09, 2026 01:33 ET (05:33 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}