Singapore Shares Open Lower on Middle East Uncertainty
MT Newswires
Aug 03
Singapore shares opened the week with losses on Monday, as investors cautiously monitored geopolitical developments following U.S. President Donald Trump's statement that he canceled planned strikes on Iran.
The Straits Times Index was down 0.43%, or 24.42 points, to open at 5,604.080.
Trump said negotiations with Iran will resume on Monday following his declaration that he was canceling a planned attack, provided a deal to end the months-long conflict is reached "rapidly".
However, market sentiment remained subdued, as U.S.-Iran diplomatic talks have remained fragile since a prior ceasefire agreement collapsed.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.