Market Updates

STI gained 1.8% but analysts are cautious

The Straits Times Index added 48 points or 1.8% at 2,652.94; Hong Kong property play helped keep sentiment here firm; US jobs report supported stocks, but record virus infections put pressure on...

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Monthly wrap for June 2020: It was all about COVID-19

The STI gained 2.7% for the month, but was down 19.6% for first half of 2020; Month started on firm footing as economies reopened; US FOMC’s sober outlook put brakes on gains...

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Tracking COVID-19 and Wall Street

The STI fell 30 points or 1.2% over the week to 2,604.51; Prices continued to track COVID-19 developments and Wall St; Industrial production fell in May; Possible window-dressing in week ahead off...

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An uneasy calm

Despite Friday’s slide, STI still gained 1% over the week; Daily volume remained at healthy levels; Economy moved to Phase Two of reopening on Friday; Singapore’s NODX dropped 4.5% in May but...

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Reality check

Markets plunge on worries of second COVID-19 wave; The Dow suffered its 4th worst loss in history on Thursday; US Federal Reserve delivered sobering assessment of US economy; SembCorp Industries and SembCorp...

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A good start as hopes of swift recovery take grip

Markets all over world switch to “risk on’’ mode; STI powered up by 8.8% on hopes of swift economic recovery; Underpinning hopes was large-scale monetary and fiscal stimulus; Encouraging economic numbers from...

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Monthly wrap for May 2020: Stocks lose ground as virus realities take grip

The STI lost 4.3% over the month on worries over COVID-19’s impact on the economy; Wall Street stayed resilient despite rising US-China tensions; Hong Kong passed controversial security law, US imposed sanctions; ...

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US-China tensions weigh on sentiment

Increasing US-China tensions drag STI down to 0.9% loss for week; An early boost from virus vaccine hopes were wiped out later; China’s proposed HK security law expected to draw flak from...

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Seesawing between optimism and pessimism

The STI lost 2.6% over the week, possible after Fed chief Powell’s reality check on economic outlook; US economic data continued to be grim; SIA reported S$732m Q4 loss, analysts turned bearish; ...

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Worse economic news = better stock market performance

The STI lost 1.3% last week at 2,591.88; World equities continued to be supported by central bank, Govt stimulus and news of gradual reopenings; Wall St rose despite devastating jobs report; Eurozone’s...

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