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9 clusters · 9 sources · 42 days · First seen · Last updated

Categories: BUSINESS

Asian stocks rise on banking rally, Singapore banks soar

Overview

Asian equities continued their upward trajectory into mid‑July 2026 as banking stocks drove broader market gains. In Singapore, the Straits Times Index climbed to a fresh peak of 5,470.34 points after DBS Group became the first listed company to surpass a S$200 billion market valuation on 13 July. The surge lifted DBS shares to an all‑time high and was mirrored by comparable advances in OCBC and UOB, reinforcing the rally that had already pushed the STI above 5,340 points earlier in the month.

Analysts linked the momentum to strong interest‑margin outlooks, robust loan growth, expanding wealth‑management fees and continued safe‑haven capital inflows, all supported by a stable Singapore dollar. DBS also highlighted its growing digital‑asset platform, offering institutional crypto products such as security‑token trading and tokenised participation notes, signalling confidence in both conventional and emerging‑finance operations.

In Thailand, the SET continued its gains, ending the week just above 1,615 points with a 2 % rise, buoyed by record foreign inflows into food, consumer and technology stocks. The broader Asian market remained resilient despite lingering Middle‑East tensions and mixed U.S. equity performance, as banking sector strength anchored investor sentiment across the region.

Timeline

  1. about 7 hours ago

    [BUSINESS] 3 sources
    DBS Group Hits S$200bn Market Cap as Singapore Banks Reach Record Highs

    DBS Group topped a S$200 bn market value, sending its shares and those of OCBC and UOB to record highs and pushing the STI to a new peak.

  2. 4 days ago

    [BUSINESS] 2 sources
    UOB and UBS Shares Reach Record Highs Amid Banking Sector Rally

    UOB and UBS shares surged to record highs, driven by sector optimism and strong earnings, marking a notable rally in global banking stocks.

  3. 7 days ago

    [BUSINESS] 3 sources
    Thai stock market rebounds with foreign inflows and SET gains

    The SET index rose to about 1,617 points as foreign investors poured in 26 bn baht, driving a 4.5% weekly gain and boosting Thai banks.

  4. 7 days ago

    [BUSINESS] 3 sources
    Singapore stock market rallies as DBS, OCBC and UOB hit record highs

    Singapore’s DBS, OCBC and UOB hit all‑time highs, driving the Straits Times Index up about 3.6% to 5,342 points over four sessions amid strong financial, property and energy stock gains.

  5. 7 days ago

    [BUSINESS] 2 sources
    China stock market slides, Shanghai Composite hovers just above 4,040 points

    Shanghai Composite slipped to 4,041, Shenzhen fell 1.3%, while US stocks rose and oil prices dipped after OPEC output increase.

  6. 15 days ago

    [BUSINESS] 2 sources
    Thai stock market climbs for second day, SET index tops 1,590 points

    Thailand's SET index rose for a second day to 1,591.24, boosted by sector‑wide gains and positive global market sentiment, while oil prices fell on mixed U.S.–Iran talk signals.

  7. 29 days ago

    [BUSINESS] 2 sources
    Thailand's SET Index Gains Over 2% as Markets Rally

    Thailand's SET index rose 1.28% to 1,592.41, driven by gains across sectors and global optimism on Middle‑East tensions easing and a US‑Iran pact.

  8. about 1 month ago

    [BUSINESS] 2 sources
    China and Hong Kong stocks fall as Middle East tensions pressure markets

    China’s Shanghai Composite and Hong Kong’s Hang Seng fell on Wednesday as Middle‑East tensions and higher oil prices pressured global markets, extending a six‑day regional slide.

  9. about 1 month ago

    [BUSINESS] 2 sources
    Singapore's Straits Times Index climbs above 5,000 as banks and wealth stocks lead rally

    Singapore’s STI rose 1.2% to 5,097, led by DBS, OCBC and UOB gains, ending a two‑day slide as regional and US markets posted mixed moves.

Sources

cryptobriefing.com · financialhorse.com · finanzen.at · finanzen.ch · gavroche-thailande.com · sgsme.sg · stocknews.com · tekedia.com · thefinance.sg