Vaccine hopes support stocks even as economic and virus news grows more grim
The STI lost 34 points or 1.4% at 2,618.48; Bad economic news depressed prices, vaccine hopes and firm Wall St provided support; Local economy contracted a record 12.6% in 2Q, entered into...
Read MoreA flat week as prices drifted ahead of GE2020
Stocks were flat last week, the STI was unchanged at 2,652.65; Hopes of a drug treatment for COVID-19 boosted Wall Street; US jobless claims were lower, also providing support; US Treasuries provided...
Read MoreSTI gained 1.8% but analysts are cautious
The Straits Times Index added 48 points or 1.8% at 2,652.94; Hong Kong property play helped keep sentiment here firm; US jobs report supported stocks, but record virus infections put pressure on...
Read MoreMonthly wrap for June 2020: It was all about COVID-19
The STI gained 2.7% for the month, but was down 19.6% for first half of 2020; Month started on firm footing as economies reopened; US FOMC’s sober outlook put brakes on gains...
Read MoreTracking COVID-19 and Wall Street
The STI fell 30 points or 1.2% over the week to 2,604.51; Prices continued to track COVID-19 developments and Wall St; Industrial production fell in May; Possible window-dressing in week ahead off...
Read MoreAn uneasy calm
Despite Friday’s slide, STI still gained 1% over the week; Daily volume remained at healthy levels; Economy moved to Phase Two of reopening on Friday; Singapore’s NODX dropped 4.5% in May but...
Read MoreReality check
Markets plunge on worries of second COVID-19 wave; The Dow suffered its 4th worst loss in history on Thursday; US Federal Reserve delivered sobering assessment of US economy; SembCorp Industries and SembCorp...
Read MoreA good start as hopes of swift recovery take grip
Markets all over world switch to “risk on’’ mode; STI powered up by 8.8% on hopes of swift economic recovery; Underpinning hopes was large-scale monetary and fiscal stimulus; Encouraging economic numbers from...
Read MoreMonthly wrap for May 2020: Stocks lose ground as virus realities take grip
The STI lost 4.3% over the month on worries over COVID-19’s impact on the economy; Wall Street stayed resilient despite rising US-China tensions; Hong Kong passed controversial security law, US imposed sanctions; ...
Read MoreUS-China tensions weigh on sentiment
Increasing US-China tensions drag STI down to 0.9% loss for week; An early boost from virus vaccine hopes were wiped out later; China’s proposed HK security law expected to draw flak from...
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