SINGAPORE – Buoyed by reforms to the local equities market, Singapore stocks performed well in the first quarter of 2026, but markets have since turned more volatile as the Iran war clouds the outlook. Its chief executive Tan Su Shan said during the bank’s annual general meeting on April 1 that the first-order impact of the war on the bank is “very little” as it has minimal exposure to the region, with Asia as its core market. He noted that the message implicitly carried the assumption that if hostilities by the US end, oil flows through the Strait of Hormuz could be normalised, but added that “this will not be automatic, as the resumption of shipping depends on security assurances, insurance coverage and a return of operational confidence”.
Author: Sue-ann Tan
Published at: 2026-04-04 21:00:00
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