{"slug": "singapore-stocks-fall-amid-tech-rout-sti-down-0-2", "title": "Singapore stocks fall amid tech rout; STI down 0.2%", "summary": "Singapore stocks fell on Monday, with the Straits Times Index (STI) down 0.2% to 5,498.95, amid a tech rout in Asian markets triggered by the launch of Chinese startup Moonshot AI's Kimi 3.0 model, which is comparable to OpenAI's GPT models and nearly as performant as Anthropic's Fable 5 while being cheaper. Malik Ahmed Khan, senior equity analyst at Morningstar, said the launch puts downward pressure on AI companies across hardware and infrastructure, but cautioned that the model may not be at near-parity with American frontier models due to a history of inflated results.", "body_md": "# Singapore stocks fall amid tech rout; STI down 0.2%\n\nMapletree PanAsia Commercial Trust leads the gainers on the blue-chip index\n\n[SINGAPORE] Singapore stocks ended lower on Monday (Jul 20) amid a tech rout in Asian markets.\n\nThe dip coincided with [the launch of Kimi 3.0](https://www.businesstimes.com.sg/startups-tech/technology/chinese-startup-moonshots-powerful-new-ai-model-closes-gap-us-rivals), an artificial intelligence model by Chinese player Moonshot AI. Kimi 3.0 is said to be comparable to OpenAI’s GPT models and nearly as performant as Anthropic’s Fable 5, while being cheaper.\n\nThe benchmark Straits Times Index (STI) lost 0.2 per cent or 10.48 points to finish at 5,498.95.\n\nMapletree PanAsia Commercial Trust led the gainers on Singapore’s blue-chip index, rising 0.7 per cent or S$0.01 to S$1.35.\n\nThe worst performer among STI constituents was Hongkong Land , which fell 1.3 per cent or US$0.10 to US$7.55.\n\nThe three local banks were mixed on Monday. DBS was 0.1 per cent or S$0.06 down at S$71.90, while OCBC ended 0.5 per cent or S$0.13 higher at S$28.69 and UOB rose 0.4 per cent or S$0.19 to S$42.66.\n\nWithin the iEdge Singapore Next 50 Index, CSE Global was the top gainer, rising 7.1 per cent or S$0.08 to S$1.21.\n\nCenturion was the index’s biggest decliner, falling 2.5 per cent or S$0.04 to S$1.57.\n\nAcross the broader market, gainers outnumbered losers 314 to 235, after 1.1 billion securities valued at S$1.7 billion changed hands.\n\nKey regional indices were mixed. Hong Kong’s Hang Seng Index gained 2.4 per cent, while South Korea’s Kospi was down 4.5 per cent and the FTSE Bursa Malaysia KLCI closed 0.5 per cent lower.\n\nMalik Ahmed Khan, senior equity analyst at Morningstar, said the launch of Kimi 3.0 puts “downward pressure on AI companies across hardware and infrastructure”.\n\nBut he also said that this move does not equate the Chinese model to “near-parity” with American frontier models, such as Fable 5, due to a history of inflated results in the past.\n\n**This article has been written with the assistance of AI and reviewed by a reporter**\n\nDecoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.\n\nShare with us your feedback on BT's products and services\n\n[TRENDING NOW](/pulse?ref=trending-now)\n\nWhat makes a good job? Feeling that you matter\n\nFaishal Ibrahim resigns over online messages with a female member of the public\n\nWhen the disruptor gets disrupted: How Chinese open-source AI is eating its own industry\n\nRetail resets: Mall owners reposition shopping centres as Singapore’s consumer landscape evolves", "url": "https://wpnews.pro/news/singapore-stocks-fall-amid-tech-rout-sti-down-0-2", "canonical_source": "https://www.businesstimes.com.sg/companies-markets/singapore-stocks-fall-amid-tech-rout-sti-down-0-2", "published_at": "2026-07-20 11:30:03+00:00", "updated_at": "2026-07-20 13:00:47.561039+00:00", "lang": "en", "topics": ["artificial-intelligence", "ai-products", "ai-startups", "large-language-models"], "entities": ["Moonshot AI", "OpenAI", "Anthropic", "Mapletree PanAsia Commercial Trust", "Hongkong Land", "DBS", "OCBC", "UOB"], "alternates": {"html": "https://wpnews.pro/news/singapore-stocks-fall-amid-tech-rout-sti-down-0-2", "markdown": "https://wpnews.pro/news/singapore-stocks-fall-amid-tech-rout-sti-down-0-2.md", "text": "https://wpnews.pro/news/singapore-stocks-fall-amid-tech-rout-sti-down-0-2.txt", "jsonld": "https://wpnews.pro/news/singapore-stocks-fall-amid-tech-rout-sti-down-0-2.jsonld"}}