The Singapore Exchange (SGX) opened higher on Tuesday, with the Straits Times Index (STI) rising 51.91 points or 1.07% to 4,920.60 by 9.26 am.
Advancers outnumbered decliners 196 to 69, reflecting broad early buying interest across the market.
Trading volume reached 172.07 million shares valued at S$361.74 million. Key gainers included DBS up 1.27% to S$56.69, while OCBC Bank traded at S$20.98 and UOB at S$36.79.
The early optimism in Singapore mirrored moves across Asia, as regional markets digested a pullback in crude oil prices following last week’s sharp surge. Brent crude rose above US$105 per barrel after geopolitical tensions in the Middle East persisted, but the initial retreat prompted bargain hunting by investors in equities.
Markets were also tracking U.S. signals ahead of the Federal Reserve’s upcoming policy meeting, where no interest rate changes are widely expected. Currency and commodities markets were mixed, with gold trading below US$5,000 an ounce and the U.S. dollar firm against major currencies.
Elsewhere in the region, South Korea’s Kospi gained 1.1% led by chipmakers, Hong Kong’s Hang Seng rallied 1.5%, while Japanese equities saw modest declines as geopolitical uncertainties weighed on sentiment.
The strong SGX opening suggests investor confidence is returning, supported by safe-haven flows into blue-chip stocks and sectoral rotation into financials and energy-related plays.
