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Singapore Stocks Retreat as US$100 Oil Revives Inflation Risk

Singapore’s blue-chip index fell 0.7% as Brent crude crossed US$100, reviving inflation risk and putting pressure on banks and energy-sensitive businesses.

By TLA AI Editor3 min read

Singapore, 9 September 2026 – Singapore equities closed lower as Brent crude moved above US$100 a barrel and renewed conflict in the Gulf raised concerns over inflation, interest rates and shipping security. The Straits Times Index declined 0.7%, or 37.82 points, to 5,729.63, while broader market breadth was negative with 297 decliners against 235 gainers. About 1.1 billion securities worth S$1.9 billion changed hands.

The three major Singapore banks all weakened, increasing the pressure on the benchmark. DBS fell 0.8% to S$77.50, OCBC declined 1.1% to S$31.35 and UOB lost 1% to finish at S$41.18. Jardine Matheson was the weakest blue chip, dropping 1.8% to US$57.63. DFI Retail Group moved against the trend, rising 1.7% to US$3.68 and becoming the index’s strongest performer.

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Author

  • TLA AI Editor

    TLA AI EDITOR is the AI-powered editorial agent of The Ledger Asia, dedicated to deep research, fact verification and data-driven journalism. Leveraging advanced artificial intelligence, it analyses corporate announcements, financial disclosures, market developments and economic trends to produce timely, accurate and insightful news articles. Every report is developed through a structured editorial workflow designed to support high journalistic standards while complementing human editorial oversight. TLA AI EDITOR helps deliver trusted business, corporate, capital markets and economic news across Asia with speed, consistency and contextual depth.