Market Updates

Monthly Market Wrap: Turmoil, then recovery as STI first fell below 3,200 then closed at 3,442.93

On Aug 5, worries of a US hard landing sent stocks plunging The Straits Times Index closed at a month-low of 3,198 on 6 Aug US futures market priced in a 50%...

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Fading US recession fears and 100% chance of a Sept US rate cut lifts stocks

The STI added 35 points or 1.04% to end at 3,387.99 US Fed chairman Powell’s testimony guaranteed a Sep rate cut Minutes of Fed’s July meeting also point to Sep rate cut,...

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Fading US recession worries enabled STI, led by DBS, to recover 3,350 mark

Robust US economic data helped push the STI up 2.8% to 3,352.89 DBS led the way with a 5.9% jump, OCBC, UOB and Singtel also contributed US indices posted their best weekly...

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US recession worries sent STI below 3,300

Wall Street’s volatility rocked global markets, sending STI 3.5% down Average daily volume spiked up to S$1.96b versus S$1.37 in previous week Unwinding of “carry trade’’ could mean more pressure: analysts Probability...

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Fears of a US hard landing sent stocks plunging

The STI lost the 3,400 level, down 45 points or 1.3% at 3,381.45 Main worry from Wall St is that the US economy may suffer a hard landing SIA’s shares took a...

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Monthly Market Wrap: Banks, Singtel, SATS, Yanzijiang help STI rise 3.7% for July to 3,455.94

The STI regained the 3,400 level and came close to 3,500 in July Banks, Singtel, Yangzijiang and SATS helped index add 3.7% In the US, The Dow surged 4.4%, the S&P rose...

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Mid-week US tech selloff dragged STI down 0.6% for the week

Nasdaq on Wed suffered its worst one-day plunge since Oct 2022 Resultant pressure here on Thursday meant the STI fell 0.6% for the week Investors in US said to be rotating out...

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3,500 tested but not breached – yet

The Straits Times Index peaked at 3,509 but failed to hold on to 3,500 Weakness on Wall Street meant the STI lost 1.4% at 3,447.56 S$400m on institutional inflows in first 2...

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Now for 3,500

The Straits Times Index gained 87 points or 2.5% at 3,497.78 Powell’s testimony and CPI figures gives hope of Sep interest rate cut Probability of Sep cut now 93% OCBC’s 93.52% falls...

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A push on the banks to all-time highs enables STI to surge past 3,400

Banks propel STI above 3,400 for first time in about 2 years Brokers positive on the banks Banks now make up 45% of the STI: report Yoma’s shares surge...

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