The authority says it is monitoring the situation closely after SingPost sacked three top executives over their handling of the internal investigations into a whistleblowing report.
The dollar index, which measures the US currency against six of its largest peers, was up 0.1% at 107.9
Analysts said the market’s knee-jerk reaction was not surprising given how the sacking of three senior executives at one go is “very rare”, although they were split on how the stock may fare in the longer term.
Replacing the three executives would be challenging for SingPost given the nature of their roles and the postal industry, corporate governance experts say.
