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

MT Newswires
Feb 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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