FX.co ★ Singapore Stocks Surge in Morning Deals

On Monday morning, the STI Index experienced a robust increase of 59 points, or 1.7%, reaching 3,571. This rise effectively counteracted the previous session's losses and was largely attributed to U.S. futures gaining traction after President Trump temporarily postponed the imposition of reciprocal tariffs on electronic imports. Additionally, sentiment was bolstered by the Monetary Authority of Singapore's decision to relax monetary policy for the second consecutive time, despite weaker-than-anticipated GDP growth in the first quarter. However, traders remained vigilant as they awaited Chinese trade data expected later in the day, amidst growing trade tensions with the United States. Recent data highlighted continued weak domestic demand in China, as evidenced by consumer and producer prices. Nearly all sectors showed positive trading activity, with energy minerals and consumer durables leading the charge. Notable performers included Mapletree Logistics, which surged by 3.7%, as well as UOB and OCBC, both advancing by 2.3%, and DBS, which increased by 1.8%.