Market Updates

Trade frictions again roil markets

The STI lost 68 points or 2% over the week to end at 3,205.46; Escalating trade tensions between US and China was main cause; China retaliated early in the week with tariffs...

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Trade war worries send markets into “risk-off’’ mode

The Straits Times Index dropped 119 points or 3.5% to 3,273.5; Main incentive to sell was a revival of trade war fears as US imposed tariffs on China; Investors still hopeful a...

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Banks keep STI firm in relatively quiet week

The STI gained 35.34 points or 1.05% over the week to end at 3,392.29; Banks provided the main fuel for the rise after DBS earlier announced record profits and a shift to...

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Monthly wrap for April 2019: STI at highest point for 2019, above 3,400

Despite economic headwinds, STI rose to highest level this year; For the month, the STI gained 188 points or 5.8% at 3,400.2 driven mainly by banks; Rerating of banks came after DBS...

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Oil prices, US earnings and China’s stimulus were key factors

The STI gained 9 points or 0.4% over the week at 3,356.95; Firm oil prices helped boost interest in oil-related stocks; Worries over whether China would reduce its stimulus capped prices; US...

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Looking for fresh leads and not finding any – yet

The STI rose 0.5% in quiet trading in a holiday-shortened week; China’s robust growth in the 1Q helped support prices; Singapore’s NODX surprisingly plunged in March; Local stocks in focus included Best...

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Stocks in holding pattern as trade wars are back in focus

The STI rose 9 points or 0.3% for the week at 3,322.64; Worries over possible US tariffs on Europe played a part; Still no developments on US-China trade negotiations; IMF cut its...

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Banking on US-China trade resolution

The Straits Times Index surged 110 points or 3.4% to 3,322.64; Main push came from hopes that US and China will settle trade differences; China’s economic indicators also improved, easing slowdown worries; ...

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Monthly wrap for March 2019: Yield curve inversion and a global slowdown

The Straits Times Index was flat for the month, rising just 0.13 of a point; For the first quarter, the index rose 144 points or 4.7%; Main themes were US-China trade, yield...

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The STI and 3,200 – still a work in progress

The Straits Times Index gained 12 points or 0.4% over the week at 3,212.1; US-China trade talks – still no deal; Support for Wall Street came from a dovish FOMC; US yield...

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