Morning Wrap | US Stocks Fall on Oil Surge, Yields; DBS Reje…
• US Stocks Declined for Third Session as Oil Surged 4.1% and 10Y Yield Hit 4.857%
• Singapore Raised 2026 GDP Forecast to 4.5%-5.5% on 24% Electronics Exports Growth
• DBS Rejected S$1.298b 1MDB Claim; Sembcorp Terminated S$105m Philippine Solar Deal
• Stocks to Watch: DBS, Sembcorp, Centurion
Volume / Value: 55.45M / S$116.34M
Advancers / Decliners: 34 / 123
🇺🇸 Wall Street Summary
U.S. Stocks Extend Losses as Rising Oil Prices and Treasury Yields Weigh on Tech
Singapore Growth Leans Heavily on Electronics Boom
The government raised its 2026 GDP growth forecast to 4.5% to 5.5%, driven by a 24% increase in electronics exports amid the global AI investment cycle. Oxford Economics noted that Singapore’s current growth momentum is unusually dependent on the technology cycle, while non-electronics sectors such as pharmaceuticals and petrochemicals have not benefited to the same extent.
Singapore Eyes ASEAN-US Digital Link to Ease Cross-border Trade
Deputy Prime Minister Gan Kim Yong announced plans to explore linking the ASEAN Single Window with the US to facilitate electronic trade document exchange ahead of Singapore’s ASEAN chairmanship in 2027. The US maintained a trade surplus with Singapore exceeding $41.8b in 2025, with over 250 Singapore companies operating across 45 US states.
Late-stage Funding Captures 77.5% of Singapore’s Tech Funding in August
Singapore’s tech funding reached $864m in August, rising 693.8% year-on-year despite an 81.36% month-on-month decline, according to Tracxn. Late-stage funding accounted for 77.5% of total tech funding, a significant shift from zero late-stage funding recorded in August 2025.
Source: Business Times, SGinvestors.io, Business Review
