Decoupling of local market from Wall Street continued
August 31, 2020The 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...
Read MoreA rare decoupling
August 24, 2020Despite 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...
Read MoreVaccine hopes lend support
August 17, 2020News 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...
Read MoreUS stimulus package provides support for all markets
August 11, 2020The 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...
Read MoreMonthly wrap for July 2020: As the COVID-19 pandemic drags on, the STI lost 2.3% as economic, earnings woes return
August 3, 2020The 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...
Read MoreVirus news still the main driver
July 27, 2020STI 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; ...
Read MoreVaccine hopes support stocks even as economic and virus news grows more grim
July 20, 2020The 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
July 13, 2020Stocks 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
July 6, 2020The 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
July 1, 2020The 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...
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