Singapore Shares Close 0.21% Lower on Global Recession Blues

The Business Times2022-07-01

SINGAPORE shares closed a rather bumpy week by extending its third straight day of losses after panic set in as the probability of a recession heightened amid a tightening trajectory by central banks....

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Comments

慢的老人
2022-07-02
慢的老人
Recession fears are real. [Cry]
DerekC
2022-07-01
DerekC
Let see
Huatahhuat
2022-07-01
Huatahhuat
Tired Liao 😅
YYLSG
2022-07-01
YYLSG
Ok
jingabel
2022-07-01
jingabel
Ok
Avenite
2022-07-01
Avenite
Alright

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The Hong Kong market was closed for Hong Kong Special Administrative Region Establishment Day.“With central banks shifting towards accepting that monetary tightening is impossible without some economic damage, the market narrative has swung 180 degrees this week — and indeed, that wind direction change has taken place in real time,” remarked Stephen Innes, managing partner of SPI Asset Management. He added that the market was panicking over slumping growth even more so now than stubborn inflation.He further cautioned: “With central banks willing to hike into the perfect financial storm, cracks in consumer demand will surely widen and cut deeper worldwide, which could exert significant disinflationary forces if the central banks act too aggressively for too long.”On the home front, some 707.02 million securities worth S$832.61 million were traded. Losers outpaced gainers, with 196 counters down and 130 up. 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[Cry]","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9044929026","repostId":1106807652,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9044904806,"gmtCreate":1656685913105,"gmtModify":1676535877003,"author":{"id":"3574891778837790","authorId":"3574891778837790","name":"DerekC","avatar":"https://static.tigerbbs.com/02824f1a06daf256b2ea13cc9eba6e85","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3574891778837790","authorIdStr":"3574891778837790"},"htmlText":"Let see","listText":"Let see","text":"Let see","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9044904806","repostId":1106807652,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9044046134,"gmtCreate":1656683289128,"gmtModify":1676535876306,"author":{"id":"3574468375375928","authorId":"3574468375375928","name":"Huatahhuat","avatar":"https://static.tigerbbs.com/b8efd6c9f11aac008947d35cb725e0a3","vip":1,"crmLevel":5,"crmLevelSwitch":0,"idStr":"3574468375375928","authorIdStr":"3574468375375928"},"htmlText":"Tired Liao 😅","listText":"Tired Liao 😅","text":"Tired Liao 😅","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9044046134","repostId":1106807652,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9044069055,"gmtCreate":1656677360977,"gmtModify":1676535875363,"author":{"id":"3585128891404621","authorId":"3585128891404621","name":"YYLSG","avatar":"https://static.tigerbbs.com/41bee2bd52d9d3dc3a494bc99d85290d","vip":1,"crmLevel":2,"crmLevelSwitch":1,"idStr":"3585128891404621","authorIdStr":"3585128891404621"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9044069055","repostId":1106807652,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9044033397,"gmtCreate":1656671515619,"gmtModify":1676535874634,"author":{"id":"3579683280519440","authorId":"3579683280519440","name":"jingabel","avatar":"https://static.tigerbbs.com/5109716c64f0b691a5098e4d5397ffc2","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3579683280519440","authorIdStr":"3579683280519440"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9044033397","repostId":1106807652,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9044097490,"gmtCreate":1656670895410,"gmtModify":1676535874588,"author":{"id":"4101299314304390","authorId":"4101299314304390","name":"Avenite","avatar":"https://static.tigerbbs.com/b7cb9f66c2dfcd97ff88a4cdff7fe2ed","vip":1,"crmLevel":5,"crmLevelSwitch":1,"idStr":"4101299314304390","authorIdStr":"4101299314304390"},"htmlText":"Alright","listText":"Alright","text":"Alright","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9044097490","repostId":1106807652,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":147,"commentSize":8,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1106807652"}