Market Updates

STI ended flat for week, again decoupled from Wall St

The Straits Times Index added just 3 points at 3,083.85; Wall St’s all-time highs had little or no effect here; Daily turnover sank after Tuesday’s portfolio rebalancing; Poor Friday US jobs report could...

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Monthly wrap for August 2021: Decoupled from Wall St, the STI lost 3.5%, falling below 3,200 and 3,100 to 6-month low

STI shed 111 points to six-month low of 3,055.05 in August; Wall St’s all-time highs and optimism had little impact here; US market continued to bank on “transitory’’ inflation and “Goldilocks’’ scenario, although...

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STI falls below 3,100 despite more all-time highs on Wall St

Wall Street’s all-time highs had little impact here; The STI ended the week 22 points or 0.7% down at 3,080.77; There was some caution ahead of the US Fed’s Jackson Hole meeting; That...

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Mini “taper tantrum” cut 2% off the STI

The STI lost 2% at 3,102.75 after Wall St’s mini-taper tantrum; This came after Fed minutes hinted that it would cut back on bond purchases sooner rather than later; Wall St wobbled on...

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Banks provided the main play in a volatile week that saw the STI regain the 3,200 mark – then lose it

The STI fell 12 points or 0.37% to 3,165.49 after earlier hitting 3,207; Banks were the main drivers; Singapore’s full-year GDP growth revised upwards to 6-7%; Wall Street indices set more all-time highs,...

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STI added 0.3% with trading driven by banks’ results, Keppel, SPH privatisation and US economy’s health

Keppel’s S$3.4b offer to privatise SPH was main local development; Banks reported solid earnings, restored dividends; Sembcorp Industries in the black for 1H but is cautious about 2H; Concerns over spread of Delta...

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Monthly wrap for July 2021: Recovery versus Regression

The STI gained 36 points or 1.15% in July at 3,166.94; New domestic curbs caused worry that economic recovery could be affected; Wall St continued to set new records despite growth concerns; US...

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A week of two halves as STI tracks Wall St, local virus developments

The Straits Times Index first fell, then rebounded to record a net gain of 5 points at 3,157.05 last week; Rising virus numbers led to the fall, Wall St’s gains helped the rebound; ...

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US inflation and virus surge versus upgraded domestic growth forecasts

The STI added 21 points or 0.7% at 3,152.30; On one hand, US inflation and growth concerns capped gains; On the other hand, there was positive domestic economic news; US Fed chief Jerome...

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A volatile week but the STI managed a 3-pt gain

China’s attack on its US-listed companies drove early selling; Economic concerns prompted US bond rally – until Friday; STI recorded large daily swings with net 3 points gain at 3,131.40; US 10-year Treasury...

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