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S'pore shares fall, weighed down by US credit rating downgrade
The Straits Times
|May 20, 2025
• STI edges 0.6% lower, in line with most regional bourses • Gainers trail decliners 212 to 298 across broader market • All three local banks down, with DBS going ex-dividend
Singapore shares closed the first trading day of the week lower, as US equity and bond futures slid in early Asia trading after the American government got its top credit rating downgraded a notch.
Singapore's blue-chip barometer Straits Times Index (STI) dipped 0.6 per cent or 21.67 points to 3,876.2 points. Regional indexes were largely down — the Shanghai Composite Index was spared the rout with a flat performance.
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