Market Updates

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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Monthly Market Wrap: Flirting with 3,300

The STI traded around the 3,300 mark for most of the month Final net loss for June was about 4 points or about 0.11% at 3,332.80 Of the STI second liners SATS...

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A week of waiting and seeing as the STI traded within a tight range

The Straits Times Index regained the 3,300 level but only just The market appeared to be stuck in “wait-and-see’’ mode, taking its cue from the US Fed officials also appeared to prefer...

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After 23 trading days, the STI lost its grip on the 3,300 level

As expected, the US Fed kept interest rates unchanged The Fed’s dot plot shows officials expect only one rate cut this year Fed chair Powell stated no intention to raise rates Market...

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