Week in the Markets

The bursting of the AI/tech bubble, loss of momentum in banks sliced 5.3% off the STI in October

AI/tech stocks plunged as investors questioned earnings The STI lost 5.3% at 5,376.74 in October, volume dwindled as month progressed; loss for the week was 0.08% Semiconductor firm Mi Material latest...

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Semiconductor stocks continued to slide as the STI rose 0.1%

DBS, Jardine Matheson & HK Land helped the STI add 0.1% Semiconductor stocks continued to come under pressure On Wall St, tech/AI stocks took a beating All eyes this week on FOMC...

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Rebounds in UOB and DBS helped the STI gain 0.25%; tech stocks sold off on AI concerns

UOB’s 4.1% rebound and DBS’s 1% rise helped the STI post 0.25% gain Chip stocks were sold off on AI concerns Investors are questioning the entire AI thesis Palm oil stocks slide...

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Rising bond yields and caution over banking outlook cause losses of 5-8.4% in bank stocks and cut 4.1% off the STI

The STI plummeted 233 points or 4.1% over the week to 5,401.89 Banks were the main focus following concerns over rising bond yields and sector outlook OCBC led the way after Citi...

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CDL’s strategic review was in focus as the STI fell 1.35%

The STI lost the 5,700 level when it dropped about 77 points or 1.35% to 5,634.82 Soft Sep US jobs report brought down odds of Oct rate hike to 22% CDL’s shares...

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Monthly Market Wrap: Banks kept the STI ticking as investors grappled with rates, oil and geopolitics

Banks drove the STI to a new all-time high above 5,800 during the month The STI recorded a loss of 1.4% at 5,675.88 over the month US Treasury yields spiked up on...

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Banks drove the STI up 1% to 5,711.12

Wall Street rose over the week despite higher bond yields Yangzijang, Keppel enjoyed net institutional inflows in 3Q, Thai Bevergage recorded net outflows: SGX Research Seatrium allocated S$200 million for new share...

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The STI dropped 0.7% following US rate hike, analysts expect banks to benefit

The Straits Times Index fell 39 points to 5,656.11 As expected, the US Federal Reserve raised rates by 25 basis points Fed also signalled at least one more rate hike this year ...

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Higher bond yields and oil prices cut 1.8% off STI, sending it below 5,700

The STI fell below 5,700, down 1.8% Oil prices rose above US$100 a barrel on renewed US-Iran fighting Latest US inflation data sparked rise in bond yields, 87% chance of rate hike...

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Driven by the banks, the STI closed at a new all-time high of 5,801.96

Gains of 3-3.9% by the banks pushed the STI up 1.8% Strong US Aug jobs report boosted case for rate hike; Trump calls for rate cut Keppel DC Reit to buy two...

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