Singapore Shares Decline Amid US-Iran Tensions and Corporate Market Movements
Singapore shares fell following regional losses triggered by the US issuing a 15-point ultimatum to Iran, which Iran rejected. The Straits Times Index closed down 0.3%. Singapore's manufacturing output slightly decreased by 0.1% year-on-year in February. On the corporate side, Micro-Mechanics shares surged nearly 7% after a share buyback, while Lendlease Global Commercial REIT and Stoneweg Europe Stapled Trust saw declines due to new unit issuance and additional investments respectively.