Singapore shares rise on Wednesday; STI up 1.2%
Singapore stocks ended higher on Wednesday, July 22, 2026, with the Straits Times Index (STI) gaining 1.2% or 68.70 points to close at 5,595.42, driven by a rebound in global chip stocks. Yangzijiang Shipbuilding was the top blue-chip gainer, rising 5.6%, while Singapore Airlines was the worst performer, declining 1.8%. The three local banks all ended higher. The Singapore Exchange saw the debut of its first three US Singapore Depository Receipts (SDRs) – Sea, Grab, and SpaceX – which turned in a muted performance, with all three closing slightly below their opening prices. Market strategist James Ooi noted the debut as a positive milestone that could broaden market participation and attract growth-oriented investors. Across the broader market, gainers outnumbered losers 290 to 279, with 1.2 billion securities worth S$2.4 billion changing hands. Regional indices were mixed, with Hong Kong's Hang Seng Index falling 1% and South Korea's Kospi rising 0.7%.
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