Singapore Shares Jump 0.8% on Upbeat Wall Street Gains

The Business Times2022-06-27

SINGAPORE shares rose on Monday (Jun 27), buoyed by sharp gains in Wall Street last Friday as fears somewhat eased over aggressive rate hikes by central banks given a string of weak macro data out of ...

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Comments

Kel9670ong
2022-06-27
Kel9670ong
A small gain is also good
Zivcheah
2022-06-27
Zivcheah
9
Zivcheah
2022-06-27
Zivcheah
O
来人
2022-06-27
来人
Ok
chefbean
2022-06-27
chefbean
Hee
GoldenCuck
2022-06-27
GoldenCuck
Waawaa

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Key gauges in China and Hong Kong were up 0.88 percent and 2.35 percent respectively. Japan rose 1.43 percent, Taiwan and South Korea climbed 1.60 percent and 1.49 percent respectively while Australia finished 1.93 percent higher and Malaysia’s key index relatively under performed with marginal gains of 0.10 percent.“Markets continue to price that the worst is over for US bond markets and that the end of Fed rate hikes will occur sooner as the economy in the US, and elsewhere, slow sharply in H2 2022,” remarked Oanda senior market analyst, Asia-Pacific, Jeffrey Halley.A recent slide in commodity prices and an easing in a recent reading of longer-term US consumer inflation expectations (for context, it still stood at a record low) were perceived by investors as positive, as these could reduce the urgency for steeper rate hikes by the US Federal Reserve. 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