{
  "id": 5541033,
  "title": "STI up 0.9% with Yangzijiang Shipbuilding, banks logging gains",
  "url": "https://urgent.news/2026/09/04/sti-up-0-9-with-yangzijiang-shipbuilding-banks-logging-gains",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-04T10:31:24.000Z",
  "source": {
    "name": "The Business Times - Companies & Markets",
    "slug": "the-business-times-companies-markets",
    "url": "https://www.businesstimes.com.sg/companies-markets/sti-0-9-yangzijiang-shipbuilding-banks-logging-gains"
  },
  "original_language": "en",
  "account": "Singapore’s benchmark Straits Times Index (STI) edged up 0.9% on Friday (Sept 4) to close at 5,801.96 points. Among the leading gainers was Yangzijiang Shipbuilding, which rose 4.7% to S$4.94 per share following strong August earnings and secured higher contract prices for vessel construction. Conversely, Sembcorp Industries saw the smallest losses among the blue-chip index constituents at 1.1% to S$6.11. Among the local banks, DBS gained 0.9% to S$78.65, OCBC increased by 1.1% to S$32.27, and UOB rose 0.6% to S$42.01. In the iEdge Singapore Next 50 Index, Yangzijiang Financial emerged as the top performer with a 4.6% gain, while UltraGreen.ai suffered the steepest decline at 8.3%. Across the broader market, the number of gainers (374) exceeded losers (210) as 1.3 billion securities valued at S$1.9 billion exchanged hands. Addvalue Tech recorded the highest trading volume with 184.3 million shares traded, while DBS was the most traded stock by value, with 3.8 million shares worth S$296.1 million exchanged. Hong Kong's Hang Seng Index climbed 1.7%, Japan's Nikkei 225 increased 1.3%, and South Korea's Kospi gained 1.6%. However, the FTSE Bursa Malaysia KLCI declined 0.4%. Investors had expressed concern over a potential US rate hike due to inflation worries and rising government bond yields, but expectations of a US rate hike have diminished significantly, leading to reduced market volatility.",
  "summary": "Key regional indices are mostly up with reduced expectations of a US rate hike",
  "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."
}