{
  "id": 17875519,
  "title": "STI’s total returns slide 5.2% in October; tech index plunges 17.3%",
  "url": "https://urgent.news/2026/11/02/stis-total-returns-slide-5-2-in-october-tech-index-plunges-17-3",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-02T23:00:00.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/stis-total-returns-slide-5-2-october-tech-index-plunges-17-3"
  },
  "original_language": "en",
  "account": "In October, Singapore's Straits Times Index (STI) experienced a 5.2% decline in total returns, trading primarily between 5,370 and 5,450 over the last 16 trading sessions of the month, according to the Singapore Exchange (SGX). The FTSE ST All-Share Technology Index suffered the most significant losses, plummeting 17.3%. Real estate investment trusts (REITs) performed comparatively better, with the iEdge S-Reit Index declining only 1.4%. Despite these market corrections, Singapore's underlying economic activity continued to expand, with advance estimates suggesting a 5.4% year-on-year growth in the third quarter of 2026. Major Asian equity markets, including South Korea, China, and Japan, also saw declines during the month. Notable technology stocks, such as AEM, UMS Integration, and Frencken, experienced significant losses of between 23 and 26% in October but still maintained total returns of 335%, 80%, and 47%, respectively, over the first 10 months of 2026. Several companies, including AvePoint, Alphabet, and Sheng Siong, recorded substantial gains or losses during the period. REITs generally fared better, with CapitaLand Integrated Commercial Trust attracting the largest institutional net inflow of S$79.2 million and delivering a positive total return of 2% for the month.",
  "summary": "This follows a ‘broad but uneven’ market correction; institutional flows diverge across sectors: SGX",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}