Stocks in Bosnia And Herzegovina Hit Near 16-year High

Singapore's stock market closed higher on Monday, despite a decline in the city-state's domestic exports and lackluster US retail sales data.

The Straits Times Index (STI), a key benchmark for the Singapore Exchange, ranged between 3,881.00 and 3,904.85 throughout the day. It ended the session at 3,904.85, up 27.35 points or 0.71% compared to Friday's close.

In economic news, Singapore's non-oil domestic exports declined 2.1% in January, after a 9.0% increase in the preceding month, according to data released by Enterprise Singapore.

Shares of Salt Investments' F surged over 33% after the company's attributable loss to equity holders for fiscal Q3 widened 633% to SG$1.7 million from SG$233,000 a year earlier.

Lum Chang's L shares were up nearly 7% at the close after its attributable profit to equity holders declined 4% in fiscal H1 to SG$3.5 million from SG$3.6 million a year earlier.

Meanwhile, shares of Keppel DC REIT were up over 1% at the close after the REIT entered into a sale and purchase agreement to divest its 100% freehold interest in the Kelsterbach Data Centre in Frankfurt, Germany for 50 million euros.

Singapore's FTSE Straits Times Index closed 0.7% higher at 3904.85, tracking U.S. futures. Markets saw some relief from delayed U.S. tariffs, as it provides room for negotiations between the U.S. and its trading partners, the focus has shifted to U.S. data releases expected for this week, including jobless claims and minutes from January's FOMC meeting, the UOB Global Economics & Markets Research team writes in a note. Among the best performers on the benchmark index, Hongkong Land rose 3.2%, with Genting Singapore and Jardine Matheson Holdings both rose 2.6%. Among decliners, Yangzijiang Shipbuilding fell 1.6%. SATS and Singtel both fell 1.2%. (kimberley.kao@wsj.com)

Gold futures rise amid volatile trading, though they appear to be approaching overbought territory. Futures are up 0.4% at $2,912.30 a troy ounce. The growth trajectory of gold has become less straightforward, says FxPro's Alex Kuptsikevich. After surging as high as $2,968.50 in the week prior, the precious metal sits up just 0.9% on week. Gold recorded a sharp selloff mid-week, though prices rebounded toward Friday--signaling that while buyers remain cautious, they continue to apply upward pressure, Kuptsikevich says in a note. On a day-to-day basis, the precious metal has entered overbought territory on the RSI index, though historically, this has led to temporary pauses in rallies rather than reversals, Kuptsikevich writes. On a weekly timeframe, the market is still bullish, as any pullback in recent months has created space for further acceleration, he adds. (joseph.hoppe@wsj.com)

The DAX rose 0.2% to around 22,555 on Monday, driven by a surge in Rheinmetall shares, which jumped over 15%, the most in more than two years, as traders assessed developments in the Ukraine war and the likelihood of increased European defense spending.

Tensions between the US and Europe over Ukraine and tariffs continue to escalate, with European leaders set to hold an emergency meeting in Paris today.

Meanwhile, US-Russia negotiations on the Ukraine war are scheduled to begin Tuesday in Saudi Arabia, though uncertainty remains over Ukraine’s participation and European nations were not invited to the talks.

Additionally, President Trump reaffirmed plans to impose tariffs on foreign cars starting April 2nd.

The auto sector was mixed, with Mercedes-Benz and VW gaining about 0.3%, while BMW hovered around the flatline.

Hong Kong stocks ended Monday's session little changed, as investors exercised caution ahead of the US Federal Reserve releasing the minutes of its January meeting later this week.

The Hang Seng Index fell slightly to finish the day at 22,616.23. The Hang Seng China Enterprises Index also marginally decreased to end at 8,323.67.

Trading was muted as investors waited for any indications of the potential inflationary impact of US tariffs in the January Fed meeting minutes, according to a report by The Wall Street Journal.

Investors are also watching upcoming key Chinese economic data on property prices and loan prime rates, expected to be released Wednesday.

In other news, Chinese President Xi Jinping met Chinese tech firms and startups on Monday to show his support for the business sector, the SCMP reported citing Xinhua News Agency.

In corporate news, Tencent soared 4% after it said on Sunday it is integrating DeepSeek's AI model with its WeChat platform, according to a Reuters news report.

The Hang Seng closed nearly flat at 22,616 on Monday after rising almost 1.5% earlier in the session.

Gains in property and financial stocks ultimately offset losses in technology and consumer sectors.

Traders appeared to take profits following a tech-driven rally while awaiting further policy signals from Chinese President Xi Jinping’s meeting with private enterprises, including Alibaba, Meituan, Xiaomi Corp, and BYD Co.

Investors also monitored reports from Reuters, which indicated that Beijing hopes the European Commission will make a "political decision" regarding the bloc’s anti-subsidy investigation into Chinese EVs.

Additionally, US President Donald Trump suggested that the 75-day deadline to ban short-video platform TikTok could be extended.

Among large caps, China Unicom surged 7.5%, while Tingyi (Cayman Islands) Holdings gained 5.4%.

On the downside, Zhaojin Mining Industry fell 3.8%, and Kingsoft Corp. dropped 2.9%.