{
  "id": 2061411,
  "title": "Rising bond yields are triggering a tech sell-off, but S-Reits could be the casualty nobody notices",
  "url": "https://urgent.news/2026/08/20/rising-bond-yields-are-triggering-a-tech-sell-off-but-s-reits-could",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-20T02:54:53.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/opinion-features/rising-bond-yields-are-triggering-tech-sell-s-reits-could-be-casualty-nobody-notices"
  },
  "original_language": "en",
  "account": "Singapore-listed real estate investment trusts (S-Reits) have been lagging behind blue-chip stocks by nearly 30 percentage points this year, as the tech sector faces another decline. The latest tech sell-off is driven by rising bond yields and mounting concerns over Middle East tensions. On August 18, the 30-year US Treasury yield reached its highest level since June 2007, a worrying sign for investors. Similarly, 10-year yields have climbed above pre-February Iran strike levels. The fallout from the tech sector's struggles has been well-documented: growth stocks are known to be sensitive to higher discount rates. This latest tech sell-off is generating plenty of commentary, painting a picture of rapid, severe, and dramatic changes in the market.\n\nSingapore's telecommunications sector is also facing challenges, with a fierce price war among telcos squeezing earnings. Analysts suggest that a potential StarHub-M1 merger could be a solution to these issues. Meanwhile, Japan Home is reportedly closing outlets, with staff stating that Valu$ is taking over their operations.\n\nThe BYD electric vehicle company has disrupted Singapore's car market, but analysts now warn that the company's strategy may be faltering. Finally, Singapore's asset management industry may gain an edge over Hong Kong through a broader push in asset management.",
  "summary": "Singapore-listed Reits have underperformed blue-chip stocks by almost 30 percentage points so far this year",
  "key_points": [
    "S-Reits lagging 30 percentage points behind blue-chip stocks this year",
    "30-year US Treasury yield hits highest level since June 2007",
    "StarHub-M1 merger suggested to address Singapore's telecom sector challenges"
  ],
  "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."
}