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Scenario for Singapore's Equity Market 'Panning Out' in Iran Conflict -- Market Talk","url":"https://stock-news.laohu8.com/highlight/detail?id=2618612425","media":"Dow Jones","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2618612425?lang=en_us&edition=fundamental","pubTime":"2026-03-09 14:05","pubTimestamp":1773036300,"startTime":"0","endTime":"0","summary":"0605 GMT - The worst-case scenario for Singapore's equity market is \"panning out\" in the Iran conflict, Phillip Securities Research's Paul Chew says in a commentary. The Strait of Hormuz is effectively closed, energy markets are rattled, and tanker shipping rates have jumped, the research head notes. \"Asian economies will be negatively impact[ed], with a crude oil reliance from the Gulf as much as 90% for Japan,\" Chew adds. Tactical trades or hedges against a worsening tail risk include oil and gas service providers like Marco Polo Marine, shipyards such as Seatrium, equipment makers, rig owners, tanker owners, gas trading companies and commodity producers, he adds. The FTSE Straits Times Index falls 2.2% to 4740.59. 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They expect the Middle East conflict to be short-lived and not lead to major market disruption. Attractive dividend yields and the city-state's safe-haven status should support its equity market and cushion it from market volatility, they say. DBS raises its end-2026 STI target to 5250. The FTSE Straits Times Index rises 0.15% to 4854.06. 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