Singapore stocks fell as much as 1 percent on Friday, dragged by financials such as OCBC Bank and DBS Group Holdings. The Straits Times Index pared some of its losses to end 0.71 percent lower or down 24 points at 3,330.
Singapore's smallest listed lender United Overseas Bank fell 2.1 percent despite posting a 5.5 percent increase in its second-quarter net profit.
Property developer United Industrial Corp said net profit fell 33 percent in the second-quarter due to increased expenses and fair value losses.
Malaysian property developer Aspen Group Holdings fell as much as 2 percent upon listing on Friday. Catalist-listed firm's shares opened at S$0.225 compared to their offer price of S$0.23, data from the Singapore Stock Exchange showed.
Shares of Wilmar International added 0.9 percent after saying it would invest USD120 million in Mumbai-based Shree Renuka Sugars.