Singapore Shares Fall as Worry Grows Over Potential Outflows -- Market Talk

Dow Jones02-26

0120 GMT - Singapore's FTSE Straits Times Index falls 0.7% to 3163.17 as worry grows over potential investors' outflows. Phillip Securities Research team says in a commentary that local equity valuations continue to "de-rate" and domestic stock markets risk being value traps for investors as liquidity just flows to U.S. equities. Among the worst performers on the STI, telecom conglomerate Singapore Telecommunications falls 1.7%, index heavyweight DBS drops 1.2% and property developer UOL Group is down 1.6%. Seatrium sheds 1.1% after reporting its 2H loss widened significantly. Meanwhile, Venture Corp. rises 2.0% and Yangzijiang Shipbuilding is up 1.2%. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

February 25, 2024 20:20 ET (01:20 GMT)

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Phillip Securities Research team says in a commentary that local equity ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK6512","symbol_name":"房地产股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2414046337","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2414046337","pubTimestamp":1708910400,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0120 GMT - Singapore's FTSE Straits Times Index falls 0.7% to 3163.17 as worry grows over potential investors' outflows. 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