United Overseas Bank is trading 3.25% down at SGD 42.30, amid Singapore bank weakness and concern over upcoming third-quarter results; no specific October 8 company announcement was identified.
- On October 7, all three local banks fell as Singapore stocks tracked regional declines; Citi reiterated its UOB sell call, warning results could fall short of forecasts.
- Rising Treasury yields, higher oil prices and geopolitical risk also weighed on global sentiment on October 7.