Market Updates

China Evergrande fears, FOMC weigh on market

During the week, the Straits Times Index twice closed below 3,050 Over the five days the STI fell 10 points or 0.3% to 3.061.35 The main concern was contagion from China Evergrande’s collapse ...

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A week of familiar and unfamiliar developments

The familiar: The STI first regained 3,100 but quickly lost it The unfamiliar: Instead of consecutive all-time highs, Wall St recorded consecutive falls Investors in US stocks concerned about Fed tapering and slowing...

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STI ended flat for week, again decoupled from Wall St

The Straits Times Index added just 3 points at 3,083.85; Wall St’s all-time highs had little or no effect here; Daily turnover sank after Tuesday’s portfolio rebalancing; Poor Friday US jobs report could...

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Monthly wrap for August 2021: Decoupled from Wall St, the STI lost 3.5%, falling below 3,200 and 3,100 to 6-month low

STI shed 111 points to six-month low of 3,055.05 in August; Wall St’s all-time highs and optimism had little impact here; US market continued to bank on “transitory’’ inflation and “Goldilocks’’ scenario, although...

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STI falls below 3,100 despite more all-time highs on Wall St

Wall Street’s all-time highs had little impact here; The STI ended the week 22 points or 0.7% down at 3,080.77; There was some caution ahead of the US Fed’s Jackson Hole meeting; That...

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Mini “taper tantrum” cut 2% off the STI

The STI lost 2% at 3,102.75 after Wall St’s mini-taper tantrum; This came after Fed minutes hinted that it would cut back on bond purchases sooner rather than later; Wall St wobbled on...

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Banks provided the main play in a volatile week that saw the STI regain the 3,200 mark – then lose it

The STI fell 12 points or 0.37% to 3,165.49 after earlier hitting 3,207; Banks were the main drivers; Singapore’s full-year GDP growth revised upwards to 6-7%; Wall Street indices set more all-time highs,...

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STI added 0.3% with trading driven by banks’ results, Keppel, SPH privatisation and US economy’s health

Keppel’s S$3.4b offer to privatise SPH was main local development; Banks reported solid earnings, restored dividends; Sembcorp Industries in the black for 1H but is cautious about 2H; Concerns over spread of Delta...

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Monthly wrap for July 2021: Recovery versus Regression

The STI gained 36 points or 1.15% in July at 3,166.94; New domestic curbs caused worry that economic recovery could be affected; Wall St continued to set new records despite growth concerns; US...

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A week of two halves as STI tracks Wall St, local virus developments

The Straits Times Index first fell, then rebounded to record a net gain of 5 points at 3,157.05 last week; Rising virus numbers led to the fall, Wall St’s gains helped the rebound; ...

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