TRADE worries and growth concerns continued to fester after Wall Street returned from the Memorial Day break, which made for a sea of red across Asian equity markets, with Singapore not spared either.
ING Asia economist Prakash Sakpal noted that with little development on the trade front, investors were likely to turn their attention to the sustained dip in US Treasury yields.US equities faced losses in Tuesday's late session as the rally in US 10-year treasuries further inverted a portion of the yield curve. Historically, an inverted curve has served as one of the signals that point to a looming recession.
The local banks were down. DBS Group Holdings was seven Singapore cents or 0.3 per cent lower at S$24.89, OCBC Bank dropped four Singapore cents or 0.4 per cent to S$10.90 and United Overseas Bank traded at S$24.16, down 15 Singapore cents or 0.6 per cent.
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출처: BusinessTimes - 🏆 15. / 51 더 많은 것을 읽으십시오 »
Singapore stocks: STI resumes Tuesday afternoon at 3.167.24, down 0.1% on dayLACKING catalysts, regional markets drummed to their own beat on Tuesday, with the Singapore market continuing to trade moderately lower, weighed down by financials. Read more at The Business Times.
출처: BusinessTimes - 🏆 15. / 51 더 많은 것을 읽으십시오 »
Singapore stocks: STI resumes Friday afternoon at 3.155.60, down 0.2% on dayTHE Singapore market continued to trend lower, with sentiment weighed down by the US-China trade spat and dipping global growth, sending investors to safe-haven assets. Read more at The Business Times.
출처: BusinessTimes - 🏆 15. / 51 더 많은 것을 읽으십시오 »
Singapore stocks: STI resumes Tuesday afternoon at 3.167.24, down 0.1% on dayLACKING catalysts, regional markets drummed to their own beat on Tuesday, with the Singapore market continuing to trade moderately lower, weighed down by financials. Read more at The Business Times.
출처: BusinessTimes - 🏆 15. / 51 더 많은 것을 읽으십시오 »