Singapore investors are facing an unsettling combination of developments. Singapore REITs have come under pressure from interest-rate concerns, DBS, OCBC and UOB have suffered sharp declines, and AEM Holdings has been caught in a sell-off affecting semiconductor and AI-related stocks.
Three different investment themes — dividend income, banking blue chips and AI-driven growth — are now facing questions about their valuations and future returns.
Could these simultaneous sell-offs signal something bigger for Singapore’s stock market?
In this video, we examine the forces behind the declines in AEM, DBS, OCBC and UOB, explore why rising bond yields and concerns about AI investment spending matter, and assess whether the Straits Times Index (STI) could face further downside.
We also examine two possible scenarios for Singapore equities: a temporary correction that creates opportunities for selective investors, or a more prolonged market repricing that puts additional pressure on share prices.
Most importantly, we discuss the warning signs investors should watch before deciding whether to buy the dip or adopt a more cautious approach.
▶️ Watch the full video below for our analysis of the four stocks, the risks facing Singapore equities and what could happen next to the STI.