# Singapore Stocks Hit Records on Growth and Bank Rally 2026-08-15T02:56:27+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Singapore’s benchmark Straits Times Index has risen 23% this year, reaching repeated records and heading for a fifth consecutive quarter of gains. Technology exports, productivity gains and contained inflation have supported earnings, while the Singapore dollar has strengthened nearly 6% against the US dollar in three years. DBS, OCBC and UOB have led the advance, accounting for nearly 60% of the index’s market value. JPMorgan has set a 6,500 target, about 13% above the index’s latest close of 5,743.59. But Fidelity International says valuations have outpaced earnings growth. The index trades above 16 times 12-month forward earnings, more than two standard deviations above its 10-year average. ## Coverage - livemint.com Tags: DBS, JPMorgan, Singapore, Straits Times Index Canonical: https://indianopinion.org/singapore-stocks-hit-records-on-growth-and-bank-rally/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/singapore-stocks-hit-records-on-growth-and-bank-rally/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.