From Gloom to Boom: The STI’s Remarkable Run to 4,300
From a 52-week low in April to a record high in September, the Straits Times Index (SGX: ^STI) has pulled off one of its sharpest rallies in years.
Back in April, the index had slumped to 3,393 as a tariff shock added to worries about global growth. Fast forward five months and the STI has just crossed 4,300.66 on 4 September 2025, a fresh record and a 27% rebound that few investors saw coming.
What Changed?
The tariff shock initially sent trade-dependent economies reeling and fear dominated headlines. Yet Singapore’s market proved more resilient than expected, attracting investors who were looking for stability.
Singapore’s companies also delivered when earnings season came. The banks DBS Group (SGX: D05), OCBC (SGX: O39),…
