Market View: Asian markets down as optimism over US-EU trade deal fades; China’s govt spending hit highest in nearly two decades; USD strengthens against SGD; Apple to shutter a retail store in China for the first time; SIA reports 58.8% drop in Q1 FY2026 net profit

Singapore shares fell today to track losses in the region.

The Straits Times Index was down 0.59% at 4,216.18 points at 2.44pm Singapore time with a value turnover of S$1.11B seen in the broader market.

In terms of companies to watch, we have Singapore Airlines, after the company reported a 58.8 per cent drop in Q1 FY2026 net profit to S$186 million yesterday, even as revenue rose 1.5 per cent to S$4.8 billion. 

Elsewhere, from how China’s government spending hit its highest level in nearly two decades, to how the greenback is strengthening against the Singapore dollar, more international headlines remain in focus.

On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Jeff Ng, Head of Asia Macro Strategy, Sumitomo Mitsui Banking Corporation.

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