{
  "id": 18482696,
  "title": "STI closes 2.2% down following global tech stock slides",
  "url": "https://urgent.news/2026/11/06/sti-closes-2-2-down-following-global-tech-stock-slides",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-06T10:30:40.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/sti-closes-2-2-down-following-global-tech-stock-slides"
  },
  "original_language": "en",
  "account": "The Straits Times Index (STI) closed 2.2% lower on Friday (November 6), trailing a decline in global tech stocks. The benchmark index fell to 5,179.17 points. Financial heavyweight Satb led the index's gains, climbing 0.5% to S$3.73. Among the losers, Yangzijiang Shipbuilding experienced the steepest 6.5% drop, settling at S$4.35. Domestic banks DBS, OCBC, and United Overseas Bank (UOB) all ended the day down. The iEdge Singapore Next 50 Index also slipped 0.7% to 1,380.25 points. CapitaLand China Trust was the top riser in the index, up 0.8% to S$0.625, while CSE Global saw the steepest decline, falling 8.9% to S$0.82. The broader market saw more declines than gains, with 202 assets up and 472 down. Traders moved 1.9 billion securities valued at S$3.2 billion. Oceanus attracted the most attention, with 167.1 million shares traded. DBS was the most actively traded stock by value, with S$669.5 million worth of shares exchanged. Globally, tech stocks fell due to concerns over potential AI regulation following Democrats' victory in the US midterm elections. The Nasdaq Composite fell 5.5% on Thursday. Analysts at Julius Baer noted that while bipartisan support exists for federal AI rules, state-level actions could pose a risk.",
  "summary": "Key regional indices such as the Hang Seng, Nikkei 225 and Kospi also end lower",
  "key_points": [
    "STI closed 2.2% lower on November 6, following global tech stock declines",
    "Satb led index gains, climbing 0.5% to S$3.73",
    "DBS, OCBC, and UOB all ended the day down"
  ],
  "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."
}