Singapore's Straits Times Index fell on Wednesday, after weak performances in the US and European markets.

During the day, the benchmark Singapore Strait Times Index ranged between 3,322.92 and 3,333.86, ending 0.21% or 6.89 points lower at 3,323.20.

In economic news, Singapore's Import Price Index fell 1.7% year over year in April, an improvement over the 4% drop in March.

Meanwhile, the city state's Manufactured Products Price Index edged up 0.3% month-on-month in April after a 0.3% gain in March.

In company news, Yoma Strategic's (SGX:Z59) shares zoomed over 32% after it returned to an attributable profit to equity holders of $20.9 million in fiscal H2, compared with an attributable loss of $32.7 million in the year-ago period.

ASL Marine (SGX:A04) was up nearly 5% after the shipbuilder increased its stake in PT ASL Shipyard Indonesia through its 90% indirect wholly owned subsidiary, ASL Shipyard from $18.8 million to $43.8 million through the allotment and issuance of 25,000 new shares at an issue price of $1,000 per share.

Meanwhile, GSS Energy (SGX:41F) appointed Evolve Capital Advisory as its new continuing sponsor effective May 29.