Singapore's Straits Times Index on track for correction as bank shares slide

Key facts

• The Straits Times Index was on track for a correction, per the report, which gave no level or percentage decline.
• Heavyweight bank shares in the index slid on concerns over the outlook for profits, the report said.
• The report did not name the banks, the size of the share moves or the index's distance from its peak.

Singapore's equity benchmark, the Straits Times Index, was on track for a correction as heavyweight bank shares slid on concerns over the outlook for profits, according to a report published on November 4, 2026.

The report gave no figure for the index's decline, no level for the benchmark and no indication of how far it stood from its previous peak. It did not name the banks whose shares fell, the size of their moves or the source of the concerns about profits.

A correction conventionally refers to a fall of at least 10% from a recent peak, a threshold the report did not state the index had reached.