What happened?
In this week’s Weekly Market Review in partnership with the Securities Investors Association Singapore (SIAS), we discuss the bounce back in global markets, renewed volatility in oil prices following the latest Middle East developments and the latest update on Singtel’s special discounted share exercise. Watch the video to learn more about what we’re seeing this week.
weekly market review
2:09 – Macro update
Global markets extended their rally last week, with the S&P 500 rising 3.6% for the second week in a row, while the NASDAQ rose 4.7%, led by technology and semiconductor stocks. The STI remained highly resilient, recovering 0.8% to near the 5,000 level and close to its all-time high despite ongoing uncertainty in the Middle East. Oil prices fell sharply and hit bottom after news of a two-week ceasefire between the US and Iran. US$100 per barrel and at one time even below US$90, although prices…
