<div id="readability-page-1"><div><p>[SINGAPORE] Singapore stocks closed lower on Friday (Apr 17), mirroring a broader regional reversal as investors await updates on an extension to the US-Iran ceasefire that ends next Tuesday.</p><p>The benchmark Straits Times Index (STI) lost 0.2 per cent or 9.9 points to finish at 4,997.93. </p><p>Across the broader market, losers beat gainers 316 to 257, after 1.8 billion securities worth S$2.1 billion changed hands.</p><p>The three local banks ended mixed on Friday.  OCBC  rose 0.3 per cent or S$0.06 to S$22.72, while  DBS  finished 0.1 per cent or S$0.05 lower at S$57.25 and  UOB  fell 0.3 per cent or S$0.12 to S$37.40. </p><p> Yangzijiang Shipbuilding  led the gainers on Singapore’s blue-chip index, rising 1 per cent or S$0.04 to S$4.09. The worst performer among STI constituents was  Seatrium , which retreated 1.6 per cent or S$0.04 to S$2.42. </p><p>Key regional indices were mixed. Hong Kong’s Hang Seng Index lost 0.9 per cent, Japan’s Nikkei 225 index fell 1.8 per cent and South Korea’s Kospi was down 0.6 per cent. Meanwhile, the FTSE Bursa Malaysia KLCI gained 0.3 per cent.</p><div><div><h3>Navigate Asia in<br/>a new global order</h3><p>Get the insights delivered to your inbox.</p></div></div><p>“There is a growing sense that traders may begin lightening risk into the weekend as the ceasefire clock ticks towards Tuesday,” said Stephen Innes, managing partner at SPI Asset Management. </p><p>He added that headlines suggesting that negotiations could last for months are “already tempering” market enthusiasm. “Even the most momentum-driven rallies can suffer from exhaustion.”</p><p>Meanwhile, Nigel Green, chief executive officer of deVere Group, said: “If a deal materialises this weekend, the rotation across sectors will be swift and decisive.” </p><div><div><div><p>SEE ALSO</p><div><div><div><div><p><img height="2334" src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/e73c6646a0ac8467181cae3f0699f463d32c18299a785f104c62ebe262567793/query-ZHByPTEmZj13ZWJwJnc9MjQw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="3500" original-src="https://imageproxy.pbkrs.com/https://cassette.sphdigital.com.sg/image/businesstimes/e73c6646a0ac8467181cae3f0699f463d32c18299a785f104c62ebe262567793/query-ZHByPTEmZj13ZWJwJnc9MjQw"/></p></div><p></p><h3><span>Will the Iran conflict end in checkmate or stalemate?</span></h3><p></p></div></div></div></div></div></div><p>Noting the rally seen in Asian markets during the week, Green added: “Markets are already moving ahead of the outcome. Investors are positioning for a scenario in which tensions ease, energy flows stabilise, and global growth expectations improve.” </p><div><p>Decoding Asia newsletter: your guide to navigating Asia in a new global order. <span>Sign up here to get Decoding Asia newsletter.</span> Delivered to your inbox. Free.</p></div></div></div>

<p>Singapore stocks fell on Friday, with the Straits Times Index (STI) down 0.2% to 4,997.93, as investors awaited updates on the US-Iran ceasefire. Losers outnumbered gainers 316 to 257, with 1.8 billion securities traded. OCBC rose 0.3%, while DBS and UOB fell. Yangzijiang Shipbuilding gained 1%, and Seatrium dropped 1.6%. Regional indices were mixed, with Hong Kong, Japan, and South Korea down, while Malaysia gained. Analysts suggest traders may reduce risk ahead of the ceasefire deadline, with potential swift sector rotations if a deal is reached.</p>

Singapore shares fall on Friday, pending news of US-Iran diplomacy; STI down 0.2%