Market Updates

US FOMC and tech selloff were main drivers

The STI added 7 points or 0.28% at 2,497.71; Main external drivers were US FOMC and technology selloff; WTO ruled that US’s tariffs on China are illegal; US to ban WeChat and...

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Tech stock worries make for a soft week for stocks

The Straits Times Index drifted to a 19-points or 0.76% loss at 2,490.09; US tech sector selloff weighed on sentiment; Also disappointing markets was US failure to agree on relief package; Singapore...

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US tech stock selloff provided main feature

US indices closed week sharply lower ahead of long weekend; STI was dragged lower by 30 points or 1.2% at 2,509.64; Co-founders of SK Jewellery table privatisation offer; Aspen moves ahead with...

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Monthly wrap for August 2020: Same drivers, different month

The STI added just 3 points at 2,532.51; Wall Street had its best Aug since 1984; Virus-related news continued to drive markets; US-China tensions played a part in capping prices here; Singapore...

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Decoupling of local market from Wall Street continued

The STI continued to shrug off Wall Street’s all-time highs, gaining just 11 points or 0.4% at 2,539.63; US market was largely supported by hopes of a COVID-19 vaccine soon; US Federal...

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A rare decoupling

Despite Wall St at new highs, the Straits Times Index lost 53 points or 2.05% at 2,528.54; The Singapore Government announced it will inject another S$8b into the economy; SGX RegCo warned...

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Vaccine hopes lend support

News of vaccine trials supported stock prices; STI gained 36 points or 1.4% at 2,581.32; Shares of glove makers took a beating on vaccine news; Temasek pulled out Keppel deal, surprising most...

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US stimulus package provides support for all markets

The STI rose 16 points or 0.6% to 2,545.41; Main support came from firm Wall St, where hopes were high of a new stimulus package; Worries came from heightened US-China tensions; Local...

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Monthly wrap for July 2020: As the COVID-19 pandemic drags on, the STI lost 2.3% as economic, earnings woes return

The month started optimistically but ended on a weak note; Early support came from Hong Kong, hopes of vaccine; The STI first rose but weakened in second half to record 60 points...

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Virus news still the main driver

STI fell 1.5% over the week to 2,579.51; Singapore’s factory output was -6.7% y-o-y in June; Flight to safety pushed gold near all-time high; EU leaders agreed on a historic stimulus package; ...

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