What moved SGX today?

Caution from the December Fed minutes kept risk appetite in check. The notes pointed to a slower, data-led path to cuts, which supported the USD and pressured rate-sensitive shares. Thin year-end liquidity also reduced bids. As a result, banks eased while defensives and select REITs held up better.

How did the Straits Times Index finish 2025?

The Straits Times Index fell 0.2% on Dec 31, as thin holiday trading and the Fed minutes weighed on sentiment. Banks slipped, while defensives helped limit losses. That soft close sets a cautious backdrop for January until investors see clearer signals on rates and growth.

Which Singapore stocks are most sensitive to the Fed minutes impact?

Banks, property developers, and REITs tend to react first to changes in rate expectations and bond yields. Exporters with USD cost bases can also feel FX shifts. In the near term, focus on balance sheets, funding costs, lease tenures, and cash flow coverage to separate resilient names from laggards.

What key dates should investors track now?

The next key macro event is the Fed meeting on Jan 27–28. Before that, watch US inflation and jobs data for rate cues. Locally, trading updates, distribution notices, and early earnings guidance through late January and February can move Singapore stocks, especially REITs and index heavyweights.

Global Market Insights

SGX Today, January 03: Fed Minutes Weigh as STI Ends 2025 Lower

ByDanny Kontos January 3, 2026January 3, 2026

SGX today opens with a cautious tone after the Straits Times Index closed 2025 slightly lower. The December Fed minutes pointed to a slower, data-led path to rate cuts, which cooled risk appetite into the year-end half day. Banks eased, while Mapletree Industrial Trust outperformed on defensiveness. With the next Fed meeting on Jan 27–28, we expect focus on rate-sensitive plays, SGD moves against the USD, and early-January flows that often shape Singapore stocks in the first weeks of the year.