US tech stock selloff provided main feature
September 7, 2020US 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...
Read MoreMonthly wrap for August 2020: Same drivers, different month
September 1, 2020The 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...
Read MoreDecoupling 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...
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