world-economy

Singapore Stocks Reach Record Peak as Geopolitical Tensions Drive Safe-Haven Demand

Singapore's benchmark index climbed to an all-time high as investors repositioned portfolios toward defensive assets amid escalating Iran conflict tensions. The move reflects broader safe-haven demand across Asia-Pacific markets amid geopolitical risks. Mounting tensions around the Strait of Hormuz have pushed crude prices higher, weighing on energy importers like India while benefiting some sectors. The U.S. dollar strengthened to its highest level in six weeks as global bond yields climbed on inflation concerns. U.S. equities pulled back from record highs as markets awaited developments in regional negotiations. Labor-market resilience in major economies has supported valuations despite the energy shock. Investors continue assessing corporate earnings while monitoring geopolitical developments that could further disrupt commodity markets and trade flows.