Country: SG | Published: 2026-09-16
Singapore shares slipped back, with the local ETF dipping and ride-hailing firm Grab, a prominent regional tech name headquartered in the city-state, seeing a technical move lower
Singapore shares slipped back, with the local ETF dipping and ride-hailing firm Grab, a prominent regional tech name headquartered in the city-state, seeing a technical move lower despite commentary that its acquisition strategy has turned more disciplined. The Singapore dollar backdrop is complicated by a US dollar supported by bets the Federal Reserve could resume hiking rates, a shift that keeps regional central banks on alert. Meanwhile, the city's courts are hosting a high-profile $2 billion lawsuit against Glencore, underscoring Singapore's role as a venue for major commercial disputes.