United Overseas Bank is trading 5.16% down at SGD 40.25, amid a broader sell-off in Singapore bank shares as investors weigh profit-taking and upcoming earnings concerns amid volatile global bond markets.
- Analysts cited surging long-term bond yields as a risk to lenders’ third-quarter earnings, including potential trading-book losses and pressure on capital-markets activity.
- The pressure appears sector-wide rather than tied to a newly reported company-specific announcement.