Published November 3, 2026 Updated about 3 hours ago By Reuters BENGALURU: Singapore stocks fell more than 1.5 percent on Monday ahead of major bank earnings, while softer inflation data lifted Jakarta shares. The Straits Times Index slid as much as 2 percent to its lowest since early July, dragged down by banks ahead of DBS and OCBC results. The index is now nearly 10 percent below its early-September record high. “With earnings approaching, elevated valuations leave the (banking) sector more sensitive to any disappointment in the earnings outlook,” said Gary Tan, portfolio manager at Allspring Global Investments. “We still see Singapore retaining its appeal as a defensive safe haven within Asia, so we view this is less about a deterioration in the broader outlook and more about valuations after a strong rally,” Tan added. Indonesian stocks swung into positive territory after falling over 1 percent earlier in the day. Data showed that Indonesia’s annual inflation rate slowed slightly to 3.23 percent in October, from 3.28 percent in September. The rupiah weakened to 18,160 per US dollar, hovering not far above the record low of 18,190…