Tesla, Inc. (TSLA) stock price, news, quote and history

The Straits Times Index (STI) is Singapore's benchmark stock market index that represents the performance of the top companies listed on the Singapore Exchange (SGX). As of October 2021, the STI consists of 30 stocks from various industries such as finance, real estate, technology, and telecommunications. Some of the major components of the STI include DBS Group Holdings Ltd (D05.SI), United Overseas Bank Limited (U11.SI), Singapore Telecommunications Limited (Z74.SI), and Sea Limited (SE).

The index is calculated using a modified capitalization-weighted methodology, which takes into account the market value of each listed company in determining its weight in the index. This means that companies with higher market values have a greater impact on the overall performance of the STI. The index is calculated and published in real-time during trading hours to provide investors with a continuous measure of the performance of the Singapore stock market.

Investors use the STI as an indicator of the overall health of the Singaporean economy, as it represents a diverse range of companies operating within the country. A rising STI is generally seen as a positive sign for the nation's economic growth and stability, while a falling index may indicate potential challenges or downturns in the market.

Some key factors that can influence the performance of the STI include global economic conditions, geopolitical events, and local regulatory changes. Additionally, specific company news, such as earnings reports or significant developments, can also impact individual stock prices within the index and, therefore, the overall STI value.