Singapore’s stock market dipped slightly Friday, closing at 4,636.15, despite a 21% gain in 2025 driven by U.S. rate cuts and strong sector performance.

Singapore’s stock market edged down slightly on Friday, closing at 4,636.15, as holiday-season trading remained thin. The Straits Times Index had surged nearly 21% in 2025, reaching record highs, fueled by U.S. rate cuts, strong bank and telecom performance, and a S$5 billion market development program boosting liquidity and retail participation. Despite a recent dip, the market hit 4,500 by November and saw a surge in IPOs, with Singapore leading Southeast Asia in fundraising. Global markets were flat, with Wall Street ending slightly lower but posting weekly gains, while crude oil fell on U.S.-Venezuela tensions.