Singapore's Straits Times opens little changed at 4,270.86

Singapore's Straits Times opens little changed at 4,270.86

The Singapore Stock Market (SSM) opened on Wednesday, July 2, 2025, with the Straits Times Index (STI) barely moving, closing at 4,270.86. This modest shift comes after the index snapped a five-day winning streak, ending Tuesday with a 0.30 percent dip to 4,243.71 [1].

The global market sentiment remains cautiously optimistic, with Asian markets expected to follow the lead of the U.S. bourses, which closed mildly positive on Tuesday. The Dow Jones Industrial Average (DJIA) gained 135.60 points to close at 45,418.07, while the NASDAQ added 94.98 points to end at 21,544.27, and the S&P 500 rose 26.62 points to close at 6,465.94 [1].

The choppy trading on Wall Street is attributed to traders' reluctance to make significant moves ahead of Nvidia's (NVDA) earnings report later in the day. Additionally, President Donald Trump's recent statements about the Fed Governor Lisa Cook and his threats of additional tariffs on countries imposing digital taxes have added to the market's uncertainty [1].

Meanwhile, Singapore's climate reporting timelines for listed companies have been extended. Non-constituents with a market valuation of S$1 billion and more will now be required to report from the 2028 fiscal year, while companies with a market value of less than S$1 billion will follow from FY2030. Reporting for Scope 3 greenhouse gas emissions remains voluntary for non-constituents until further notice [2].

In Singapore, financial shares, property stocks, trusts, and industrials contributed to the STI's modest decline on Tuesday. CapitaLand Ascendas REIT lost 0.37 percent, while CapitaLand Investment fell 0.36 percent. City Developments plummeted 1.58 percent, DBS Group slumped 0.62 percent, and DFI Retail Group advanced 0.96 percent. Conversely, Singapore Technologies Engineering tanked 1.41 percent, and SingTel surged 2.12 percent [1].

Crude oil prices moved sharply lower on Tuesday, reflecting concerns about erratic U.S. trade policies. West Texas Intermediate crude for October delivery tumbled $1.55 or 2.4 percent to $63.25 a barrel [1].

References:
[1] https://www.nasdaq.com/articles/singapore-stock-market-expected-open-green
[2] https://www.bloomberg.com/news/articles/2025-08-25/singapore-extends-climate-reporting-timelines-for-some-firms