More Pain Predicted For Singapore Stock Market

RTTNews2023-03-13

The Singapore stock market has tracked lower in three consecutive trading days, slumping almost 70 points or 2.1 percent along the way. The Straits Times Index now rests just above the 3,175-point ...

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Comments

  • Shan_138
    2023-03-13
    Shan_138
    hhh
  • Cedric77
    2023-03-13
    Cedric77
    The Silicon Valley Bank collapse just clipped the Fed's ability to raise rates. This is not a credit event but a collapse in bond prices. The bank borrowed from depositors and bought the safest assets (on paper) such as government and mortgage bonds. The spike in rates and bond losses cratered its balance sheet triggering panic among depositors. The contagion is enormous in the US, which the Fed cannot ignore. The direct impact is business failures from loss of deposits and the inability to refinance loans. The indirect impacts are bank runs across other regional banks, tighter credit standards and the selling of other assets in the hunt for liquidity. This too shall pass and can pass faster if Fed discounts SVB bonds at book value or small discount. US bank ETFs look like an opportunity.T
  • Blessedme
    2023-03-13
    Blessedme
    SG banks prices are coming down due to domino effect of SVB and SBNY. US banks prices are coming down. History tends to repeat itself like Lehman Brothers.
  • Humama888
    2023-03-13
    Humama888
    Sad 😞 
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