Market Updates

New Year rally derailed by geopolitical tensions

STI gained 12 points or 0.4% at 3,238.82 over the week; Main reason was that US-China aim to sign Phase One trade deal by 15 Jan; China’s central bank cut its bank...

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Quiet but firm week as the year draws to a close

STI gained 14.14 points at 3,212.39; Support came mainly from Wall St’s all-time highs; November’s factory output disappointed; China’s industrial profits grew 5.4% year-on-year; Local trading focused on penny stocks   Perhaps understandably given...

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Is the deal too good to be true?

Phase One US-China deal left local market largely unimpressed despite Wall St rising to all-time highs; Announcement of Trump impeachment had no impact; STI traded within narrow band, gaining 17.68 points or...

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Finally, a trade deal (of sorts) – so what’s next?

The STI gained 20 points or 0.6% at 3,214.05 over the week; US and China set to sign Phase One trade deal in January; Dec 15 tariffs averted, US to cut existing...

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On-off US-China trade still the main feature

The Straits Times Index gained 1 point at 3,194.71 for the week; US-China trade was the main driving force – as usual; US President Trump’s threats first rattled markets but these were...

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Monthly wrap for November 2019: US-China relations, Hong Kong unrest and US interest rates were main drivers

The STI fell 36 points or about 1.1% over the month to 3,193.92; Up-down US-China trade was one factor; Another was HK unrest; US passed laws supporting HK protestors; SGX proposed scrapping...

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US-China trade, HK unrest were key factors

The STI dropped 13.21 points or 0.4% over the week to 3,225.65; Mixed signals from US-China trade talks was one factor; Rising unrest in HK was the other; Also contributing was US...

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Trade doubts, HK tensions weigh on market

The Straits Times Index dropped 25.44 points or 0.7% to 3,238.86; A cloud descends on US-China talks after US denials; US Treasury yield curve isn’t inverted but yields slipped sharply; US Federal...

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Trade relief ruled the day – but for how long?

The Straits Times Index rose 1.08% to 3,264.3 over the week; China’s announcement that a Phase One agreement is to be signed was main reason; US Treasury yield curve is no longer...

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Monthly wrap for October 2019: A positive month as US rates were cut, positive rhetoric surrounded US-China trade and Temasek bid for control of Keppel

The Straits Times Index gained 110 points or 3.5% at 3,229.88 over Oct; Singapore’s market cap rose $25.5b to $885.5b; Concern over China’s economy was overshadowed by other factors; US interest rates...

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