Singapore Shares Sink, Track Regional Losses; AF Global Surges 14%

MT Newswires

Oct 08, 2025

Singapore shares incurred losses on Wednesday, tracking regional losses as the New York Federal Reserve flagged deteriorating future expectations and rising inflation.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 4,446.77 and 4,469.92 throughout the day. It ended the session at 4,456.30, down 15.96 points or 0.36% compared to Tuesday's close.

In company news, shares of AF Global (SGX:L38) surged nearly 14% at the close as it agreed to dispose its entire 55% stake in Knight Frank to Knight Frank Asia Pacific for SG$36.9 million.

Aspial (SGX:A30) was down nearly 3% as it proposed to acquire the remaining shares in AF Global (SGX:L38) by way of a scheme of consideration, with a target to privatize the hospitality company.

Meanwhile, shares of Huationg Global (SGX:41B) were up nearly 2% after its subsidiary Huationg Contractor agreed to acquire NHL Ubi Industrial from NHL Holding for SG$60,000.

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It ended the session at 4,456.30, down 15.96 points or 0.36% compared to Tuesday&#39;s close.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/04f91c835d8ebec46b60dbc00a8931ff\" tg-width=\"278\" tg-height=\"704\"/></p><p>In company news, shares of AF Global (SGX:L38) surged nearly 14% at the close as it agreed to dispose its entire 55% stake in Knight Frank to Knight Frank Asia Pacific for SG$36.9 million.</p><p>Aspial (SGX:A30) was down nearly 3% as it proposed to acquire the remaining shares in AF Global (SGX:L38) by way of a scheme of consideration, with a target to privatize the hospitality company.</p><p>Meanwhile, shares of Huationg Global (SGX:41B) were up nearly 2% after its subsidiary Huationg Contractor agreed to acquire NHL Ubi Industrial from NHL Holding for SG$60,000.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"L38.SI","symbol_name":"AF环球","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2573418239","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2573418239","pubTimestamp":1759916809,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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