Singapore, Feb 1, 2026, 15:04 (SGT) — Market closed
Yangzijiang Shipbuilding (Holdings) Ltd (SGX:BS6) closed Friday 1.8% lower at S$3.34, marking the sharpest drop on Singapore’s Straits Times Index (STI). The slide came without any market-moving company news. (The Business Times)
Singapore’s market is closed Sunday, so the real test arrives Monday morning. Traders will see if Friday’s cautious mood sparks a wider retreat in cyclical stocks. SGX stocks trade from 9 a.m. to noon, then resume from 1 p.m. to 5 p.m. local time. (Sgx)
Private bank and asset manager LGT reported that Asia-Pacific stocks mostly slipped on Friday, with investors turning “risk-off” following softer finishes in the U.S. and Europe. This meant money flowed out of equities into safer assets. The STI dropped 0.5%, closing at 4,905.13. (The Straits Times)
On Friday, Yangzijiang’s shares fluctuated between S$3.34 and S$3.42, with roughly 13.7 million shares traded. Over the last 52 weeks, the stock’s price has swung from a low of S$1.80 up to S$3.75, per Yahoo Finance data. (Yahoo Finance)
Global markets remained unsettled heading into the weekend amid investor uncertainty over U.S. policy moves and inflation figures. “Markets are calibrating to Trump’s pick of Kevin Warsh … and the outlook for monetary policy,” said Michael Hans, chief investment officer at Citizens Wealth. (Reuters)
Yangzijiang faces a key short-term test: will macro uncertainty overshadow its solid fundamentals? In August, the company posted a first-half net profit that surged 37% year on year, hitting a record high. Shipbuilding gross margins climbed to 35%. The group also expressed confidence in locking down enough newbuild contracts to fill its delivery calendar through 2028 and 2029. (SGX Links)
Shipbuilding moves on a long cycle, yet sentiment often shifts quicker than the orderbook. A sudden plunge in freight rates or tighter financing terms can prompt owners to press pause, with cancellations usually showing up well after the fact.
Monday’s session will reveal if dip-buyers return after the stock headed the STI losers, or if selling pressure builds as overseas markets search for a bottom. Either way, Yangzijiang will probably track shifts in global risk appetite.
Traders are gearing up for the U.S. Employment Situation report for January, set for release on Feb. 6 at 8:30 a.m. ET. This key data could shift rate expectations and send ripples through Asian markets when they open the next day. (Bls)
