The city state’s benchmark has risen nearly 9% this year, outpacing MSCI Asean Index’s 0.1% decline. The record came as declines in technology stocks on Tuesday dragged down equity markets across Asia.
(May 19): Singapore stocks climbed to a record on Tuesday as investors sought defensive havens during volatility sparked by the Iran war.
The Straits Times Index rose 1.3% on Tuesday to 5,060.98, surpassing its previous record on Feb 23. Top contributors to the gain include Thai Beverage PCL, Singapore Telecommunications Ltd, and CapitaLand Investment Ltd.
