Market Updates

On top of the virus came oil price worries

WHO declared Covid-19 to be a global pandemic; STI lost 11% - worst since 2008’s US sub-prime crisis; Wall Street entered bear market; Entire US Treasury yield curve dropped below 1%; US...

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Virus fears, Fed emergency rate cut and IMF, central bank aid were main drivers

The STI fell 50.1 points or 1.7% to 2,960.98 over a volatile week; Markets were driven by worries over the spread of the Covid-19 virus on one hand; On the other, prices...

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Monthly wrap for February 2020: Covid-19 fears cuts 4.5% off STI

US-China trade faded into background as virus fears took over; STI lost 4.5% on worries of global pandemic; US stocks suffer their worst week since US sub-prime crisis; US Treasury yields sink...

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Budget and virus provide main themes

STI lost 40 points or 1.2% over the week at 3,181.03; Prices rose and fell in line with virus news; China confused the market with change in counting methodology; The Government’s Budget...

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Investors bank on virus outbreak ending soon

The STI advanced 1.2% over the week; Markets were firm on hopes that virus outbreak might end soon; US Treasury yield curve inverted during the week; Earnings season started – DBS, Genting,...

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Wuhan outbreak – not as serious as previously thought?

Despite Friday’s selloff, STI still managed a 0.9% gain for the week; China’s stimulus helped stocks rebound after early selloff; More local firms reporting their businesses are hit by China virus; Medical...

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Monthly wrap for January 2020: Wuhan virus worries overshadows US-China Phase One trade deal

STI lost 69 points or 2.1% over the month at 3,153.73; Wuhan virus outbreak overshadowed earlier trade deal optimism; Shares of China related companies hit, along with travel, leisure and hospitality counters; ...

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Wuhan worries take centre stage

Wuhan virus epidemic brought selling pressure – shades of Sars; STI lost 41.01 points or 1.3% over the week at 3,240.02; US-China trade deal pushed to the background – but for how...

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Phase One trade deal gave market a boost

Phase One US-China deal gave markets a boost; STI gained 26 points or 0.8% at 3,281.03; Singapore’s NODX rose a surprising 2.4% in Dec, the first gain in 9 months; US officials...

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Market brushed off US-Iran tensions

STI rose 0.5% as markets regained their poise after initial US-Iran wobble; Investors said to prefer to focus on upcoming US-China Phase One agreement; SGX to scrap mandatory quarterly reporting, shifts to...

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