Market View: Asian markets down as optimism over US-EU trade deal fades; China’s govt spending hit highest in nearly two decades; USD strengthens against SGD; Apple to shutter a retail store in China for the first time; SIA reports 58.8% drop in Q1 FY2026 net profit

Your Way Home with Hongbin Jeong · Jul 29, 2025 · 13m

Singapore shares fell today to track losses in the region. The Straits Times Index was down 0.59% at 4,216.18 points at 2.44pm Singapore time with a value turnover of S$1.11B seen in the broader market. In terms of companies to watch, we have Singapore Airlines, after the company reported a 58.8 per cent drop in Q1 FY2026 net profit to S$186 million yesterday, even as revenue rose 1.5 per cent to S$4.8 billion. Elsewhere, from how China’s government spending hit its highest level in nearly two decades, to how the greenback is strengthening against the Singapore dollar, more…