Singapore Markets: STI's Bank-Led Rally Faces Gulf War Headwinds

Singapore's flagship Straits Times Index (STI) is on a record-breaking tear, closing at new highs almost every other week, with the nation's three banking giants — DBS, OCBC, and UOB — leading the charge. This rally is underpinned by a robust domestic economy; the government recently revised its 2026 growth forecast upwards to a range of 4.5% to 5.5%, signalling deep confidence in the city-state's performance. Meanwhile, OCBC is demonstrating the sector's forward...