Asian markets show mixed performance as Singapore STI falls

Asian stock markets showed mixed performance as regional indices reacted to global economic indicators. In Singapore, the Straits Times Index (STI) fell 0.6 per cent to close at 5,634.82. Thai Beverage was a top gainer, rising 1.2 per cent, while DFI Retail Group saw the largest decline, dropping 8.8 per cent. Local banks in Singapore ended the session with mixed results: OCBC rose 0.4 per cent, while DBS and UOB fell 0.2 per cent and 0.5 per cent, respectively.

In Thailand, the Stock Exchange of Thailand (SET) ended a three-day losing streak on Thursday, rising 0.31 per cent to finish at 1,563.91. The index saw gains in the consumer, industrial, and technology sectors. Market sentiment in the region remains influenced by US treasury yields and upcoming US labor data.