Market Updates

Wuhan worries take centre stage

Wuhan virus epidemic brought selling pressure – shades of Sars; STI lost 41.01 points or 1.3% over the week at 3,240.02; US-China trade deal pushed to the background – but for how...

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Phase One trade deal gave market a boost

Phase One US-China deal gave markets a boost; STI gained 26 points or 0.8% at 3,281.03; Singapore’s NODX rose a surprising 2.4% in Dec, the first gain in 9 months; US officials...

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Market brushed off US-Iran tensions

STI rose 0.5% as markets regained their poise after initial US-Iran wobble; Investors said to prefer to focus on upcoming US-China Phase One agreement; SGX to scrap mandatory quarterly reporting, shifts to...

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New Year rally derailed by geopolitical tensions

STI gained 12 points or 0.4% at 3,238.82 over the week; Main reason was that US-China aim to sign Phase One trade deal by 15 Jan; China’s central bank cut its bank...

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Quiet but firm week as the year draws to a close

STI gained 14.14 points at 3,212.39; Support came mainly from Wall St’s all-time highs; November’s factory output disappointed; China’s industrial profits grew 5.4% year-on-year; Local trading focused on penny stocks   Perhaps understandably given...

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Is the deal too good to be true?

Phase One US-China deal left local market largely unimpressed despite Wall St rising to all-time highs; Announcement of Trump impeachment had no impact; STI traded within narrow band, gaining 17.68 points or...

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Finally, a trade deal (of sorts) – so what’s next?

The STI gained 20 points or 0.6% at 3,214.05 over the week; US and China set to sign Phase One trade deal in January; Dec 15 tariffs averted, US to cut existing...

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On-off US-China trade still the main feature

The Straits Times Index gained 1 point at 3,194.71 for the week; US-China trade was the main driving force – as usual; US President Trump’s threats first rattled markets but these were...

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Monthly wrap for November 2019: US-China relations, Hong Kong unrest and US interest rates were main drivers

The STI fell 36 points or about 1.1% over the month to 3,193.92; Up-down US-China trade was one factor; Another was HK unrest; US passed laws supporting HK protestors; SGX proposed scrapping...

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US-China trade, HK unrest were key factors

The STI dropped 13.21 points or 0.4% over the week to 3,225.65; Mixed signals from US-China trade talks was one factor; Rising unrest in HK was the other; Also contributing was US...

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