Singapore’s Straits Times Index closed last week at a record high, boosted by strong gains in major banks. Investors found relief after U.S. President Donald Trump ruled out using force to acquire Greenland and eased off tariff threats against European nations. UOB climbed nearly 8% over the week to a record S$39.50, while OCBC rose 4.52% to hit S$21.29. This shift is significant now that the STI reacts more sharply to a handful of heavyweight stocks, even as regulators and brokers push to channel more retail funds into cash equities. While a record close grabs attention, it also raises the bar for wider market involvement beyond the familiar bank trio.