Singapore Bank Shares Tumble as Yield Surge Threatens Earnings

Markets Contact us:Provide news feedback or report an error Confidential tip?Send a tip to our reporters Site feedback:Take our Survey By Faseeh Mangi and Chanyaporn Chanjaroen October 8, 2026 at 2:03 AM UTC Updated on October 8, 2026 at 9:31 AM UTC A selloff in Singapore bank shares deepened after JPMorgan Chase & Co. warned that surging long bond yields will hurt third-quarter earnings for Southeast Asian lenders. DBS Group Holdings Ltd. and Oversea-Chinese Banking Corp. fell more than 4% each, while United Overseas Bank Ltd. dropped 5.2%. They were among the biggest drags on the benchmark Straits Times Index , which tumbled 3.5%, the most since April 2025. The index was the worst performer in Asia.