The Straits Times Index rose 19 points or 0.5% to a record peak of 4,009 around noon on Wednesday, continuing its upward momentum that began on June 23 amid gains across most sectors. Sentiment was supported by a modest uptick in U.S. futures following stronger-than-expected job openings data for May. Traders also welcomed a surprise rebound in China’s factory activity last month, a positive sign for Singapore’s economy given its deep trade ties with Beijing. On the domestic front, the annual inflation eased to 0.8% in May, the lowest since 2021, offering further relief to consumers and policymakers. However, gains were tempered after U.S. President Trump ruled out extending the July 9 tariff deadline and reiterated threats to abandon trade negotiations and impose additional duties on multiple countries. Leading gainers included YZJ Financial Holdings (4.0%), Genting Singapore (2.1%), Singapore Telecommunications (1.3%), and Sembcorp Industries (1.7%).