The STI Index fell 31 points, or 0.6%, to 4,892 in morning trade on Monday, declining for the fourth straight session and remaining at its lowest level since March 31, tracking a drop in U.S. futures amid failed U.S.-Iran peace talks. Utilities, non-energy minerals, health technology, and financial stocks led the declines. Traders also awaited the release of March industrial output data later in the day, after a drop in the previous month. Meanwhile, investors are looking ahead to PMI data from China to gauge the outlook for its top trading partner’s economy, as well as U.S. Q1 GDP and March PCE inflation figures later this week, for clues on the Federal Reserve’s monetary policy path. Early losers included Singapore Technologies Engineering (-1.1%), Jardine Matheson (-0.6%), Hongkong Land Holdings (-0.5%), UOB (-0.3%), and OCBC (-0.3%).