{
  "id": 18289947,
  "title": "Singapore shares rise on strong win by Democrats; STI up 0.5%",
  "url": "https://urgent.news/2026/11/05/singapore-shares-rise-on-strong-win-by-democrats-sti-up-0-5",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-05T10:32:42.000Z",
  "source": {
    "name": "The Business Times - Singapore",
    "slug": "the-business-times-singapore",
    "url": "https://www.businesstimes.com.sg/companies-markets/singapore-shares-rise-strong-win-democrats-sti-0-5"
  },
  "original_language": "en",
  "account": "Singapore stocks closed higher on Thursday, November 5, following Democrats' victory in securing control of both chambers of Congress. The benchmark Straits Times Index (STI) rose 0.5% to close at 5,296.25. UOL led the gainers on the blue-chip index, climbing 3.6% to S$8.10. Among the worst performers was Yangzijiang Shipbuilding, which dropped 3.1% to S$4.65. The three local banks had mixed results; DBS gained 0.6% to S$71.20, despite reporting a 5% decline in Q3 net profit due to reduced market trading income. OCBC increased by 0.3% to S$27.93, while UOB fell 1.6% to S$37.81, as analysts cut their target price for UOB due to shrinking lending margins and rising costs. Across the broader market, winning trades outnumbered losers 370 to 274, with 1.5 billion securities changing hands worth S$2.8 billion. In the iEdge Singapore Next 50 Index, Sasseur Real Estate Investment Trust was the top performer, up 4.1% to S$0.635, while AEM saw the biggest decline, falling 20% to S$6.37. The broader market saw mixed performance, with Hong Kong's Hang Seng Index up 3.7%, FTSE Bursa Malaysia KLCI up 1.2%, Japan's Nikkei 225 down 1.8%, and South Korea's Kospi down 5.3%. Ipek Ozkardeskaya, senior analyst at Swissquote, noted that global equity markets welcomed the Democrats' strong win, anticipating potential tariff reductions and improved US-China trade relations.",
  "summary": "Across the broader market, gainers beat losers 370 to 274, as 1.5 billion securities worth S$2.8 billion change hands",
  "key_points": [
    "Democrats secure control of Congress, boosting Singapore shares",
    "STI rises 0.5% to close at 5,296.25",
    "UOL leads gains with 3.6% increase to S$8.10"
  ],
  "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."
}