Singapore shares crashed nearly 1% at the close on Tuesday, with Iran denying claims of requesting a meeting with the US following exchange of strikes last week.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 5,164.01 and 5,213.01 throughout the day. It ended the session at 5,170.65, down 38.10 points or 0.7% compared to Monday's close.

On the corporate front, shares of Soup Holdings (SGX:5KI) were up over 4% at the close even as it forecasted a net loss for the fiscal half ended Dec. 31.

DBS Group (SGX:D05) was down nearly 1% as it completed its inaugural synthetic securitization transaction, referencing a $1 billion diversified portfolio of corporate loans.

Meanwhile, shares of Nam Cheong (SGX:1MZ) were down nearly 1% as its unit, Nam Cheong Pioneer, established a new subsidiary in the UAE named, SK Marine Ships Management and Operation.