What happened?
In this week’s Weekly Market Review in partnership with Securities Investors Association Singapore (SIAS), we discuss the rebound in global markets, renewed oil price volatility following the latest Middle East developments, and the latest update on Singtel’s Special Discounted Shares exercise. Watch the video to learn more about what we are looking out for this week.
Weekly Market Review
2:09 – Macro Update
Global markets extended their rebound last week, with the S&P 500 rising 3.6% for a second straight week, while the NASDAQ gained 4.7%, led by technology and semiconductor stocks.The STI remained highly resilient, recovering 0.8% to near the 5,000 level and staying close to its all-time high despite continued uncertainty in the Middle East.Oil prices fell sharply after news of a two-week ceasefire between the US and Iran, dropping below US$100 per barrel and even below US$90 at one point, although prices…
