Market Updates

STI still stuck in trading range as banks rule the day

US-EU trade war worries eased as the two parties agreed to renegotiate; Local banks were STI’s main drivers as index rose 0.8% for week; 10-year yield came close to 3% but later backed off; Wall Street sold off Facebook...

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Amidst worry of trade and currency wars, defense is best

STI rose 1.1% despite worry of trade and currency wars; Trump accused China, EU of currency manipulation, questioned Fed policy; SGX provided more details of Fast Track program; Offer launched to take Wheelock...

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It’s US-China trade war fears – again

The Malaysian general election provided the main focal point; Local energy stocks in play as oil touched US$77 per barrel after the US withdrew from its Iran nuclear deal; The US 10-year Treasury yield crossed 3% on Wednesday; Strength...

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Upping the ante on trade wars and property fever

Trade war concerns persisted as US raises tariffs on China; China retaliated with levies on US goods; After a MAS warning, the government here then announced fresh property curbs,...

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Trade concerns dominate

STI dropped 4.7% for the month, down 3.9% during the first half of 2018; For the month, the main worry was a global trade war; For the year to date, rising interest rates and...

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Trade war worries dominate

The tit-for-tat war of words between US and China on trade escalated; The Dow fell for 8 consecutive days; US Treasuries benefited as safe havens; ...

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US-China trade war concerns on the rise

The STI dropped 80 points or 2.3% over the four trading days; The US-North Korea summit did not have much impact; Trade war fears were renewed after the G-7 meeting, now dubbed as G6...

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Range-bound whilst waiting for FOMC guidance

The Straits Times Index decoupled from Wall Street; Trade concerns and ECB tapering said to be playing a major part; G-7 summit over the weekend could shed some light on...

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STI hit by Italian, trade war worries

STI dropped 86 points or 2.4% over the week to 3,427.51; Geopolitical concerns rose to the fore in Italy, US trade war concerns returned; Volume boosted on 31 May by “portfolio rebalancing’’; US...

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Uncertainty over geopolitics and trade wars rule the day

  A strong start to the month, followed by a weak finish – the STI lost 5%; Malaysia’s general elections yielded an upset win for Opposition; US-China trade war put on hold (but not for long); US-North Korea meeting...

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