Weekly Singapore Stock Market Round Up: STI Retreats Amid Middle East Turmoil, But REITs and Chinese Stocks Soar

The Smart Investor10-07

[ Share Facebook Twitter LinkedIn Email WhatsApp The Straits Times Index (SGX: ^STI) experienced a slight pullback last week, following its 17-year high the previous week. The decline ...

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The decline ...</p>\n\n<a href=\"https://thesmartinvestor.com.sg/weekly-singapore-stock-market-round-up-sti-retreats-amid-middle-east-turmoil-but-reits-and-chinese-stocks-soar/\">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":"BK4587","symbol_name":"ChatGPT概念","start_time":0,"source_url":"https://thesmartinvestor.com.sg/weekly-singapore-stock-market-round-up-sti-retreats-amid-middle-east-turmoil-but-reits-and-chinese-stocks-soar/","article_id":"2473131341","we_media_id":null,"thumbnails":["https://thesmartinvestor.com.sg/wp-content/uploads/2024/08/3-1-300x200.png"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2473131341","pubTimestamp":1728258775,"columns":[],"sourceInfo":{"source_id":"thesmartinvestor_highlight","name":"The Smart Investor"},"weMediaInfo":null,"summary":"Interest rate cuts fuel REIT rally, while Chinese stocks surge on stimulus","collect":0,"end_time":0,"defaultTopTitle":"thesmartinvestor.com.sg","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4587":"ChatGPT概念","BK4575":"芯片概念","LU0072913022.USD":"UBS (LUX) EQUITY FUND -  GREATER CHINA \"P\" (USD) ACC","LU0052756011.USD":"TEMPLETON GLOBAL BALANCED \"A\" (USD) INC","TS0U.SI":"华联房地产投资信托","SG9999007892.SGD":"PHILLIP SINGAPORE REAL ESTATE INCOME FUND \"A\" (SGD) INC","BK4535":"淡马锡持仓","IE00B0JY6N72.USD":"PINEBRIDGE GLOBAL EMERGING MARKETS FOCUS EQUITY \"A\" (USD) ACC","STI.SI":"富时新加坡海峡指数","STI":"Solidion Technology Inc.","09988":"阿里巴巴-W","BK4527":"明星科技股","BK4538":"云计算","BK6132":"办公室房地产信托","H78.SI":"置地控股有限公司","BK4588":"碎股","LU0128525689.USD":"TEMPLETON GLOBAL BALANCED \"A\"(USD) ACC","LU0310800965.SGD":"FTIF - Templeton Global Balanced A Acc SGD","BK4526":"热门中概股","LU0348814723.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"A\" (USD) INC  NC","ODBU.SI":"UtdHampshReitUSD","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","5E2.SI":"海庭","LU0797268264.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT\" (HKD) ACC","BK4505":"高瓴资本持仓","LU1880383366.USD":"东方汇理中国股票基金 A2 (C)","BK4581":"高盛持仓","BK4096":"电气部件与设备","BK4504":"桥水持仓","CFA":"VictoryShares US 500 Volatility Wtd ETF","CFA.SI":"NikkoAM-STC Asia REIT","LU0651946864.USD":"贝莱德新兴市场股票收益A2","LU1046421795.USD":"富达环球科技A-ACC","BK4548":"巴美列捷福持仓","BABA":"阿里巴巴","LU1051768304.USD":"贝莱德新兴市场股票收益A6","BK4565":"NFT概念","T82U.SI":"新达产业信托","LU0251143458.SGD":"Fidelity Emerging Markets A-SGD","03690":"美团-W","BK6099":"办公房地产投资信托","LU1515016050.SGD":"Blackrock Emerging Markets Equity Income A6 SGD-H","AU8U.SI":"凯德商用中国信托","BK6110":"房地产经营公司","LU0501845795.SGD":"瑞银大中华区股票基金P Acc SGD","BK4585":"ETF&股票定投概念","LU2226246903.HKD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"AT4\" (HKD) ACC","BK6139":"房地产运营公司","BK4534":"瑞士信贷持仓","CMOU.SI":"吉宝-KBS美国房地产信托","BK6137":"零售房地产信托"},"translate_title":"新加坡股市每周综述：中东动荡中海指回落，但房地产投资信托基金和中国股市飙升","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CFA":1,"TS0U.SI":1,"T82U.SI":1,"STI.SI":1,"STI":1,"ODBU.SI":1,"H78.SI":1,"CMOU.SI":1,"CFA.SI":1,"5E2.SI":1,"AU8U.SI":1,"BABA":0.9,"09988":0.8,"03690":0.8},"content_text":"[\n\n\n\nShare\n\n\nFacebook\n\nTwitter\n\nLinkedIn\n\nEmail\n\nWhatsApp\n\n\n\n\n\nThe Straits Times Index (SGX: ^STI) experienced a slight pullback last week, following its 17-year high the previous week. The decline was largely attributed to geopolitical tensions in the Middle East, which negatively impacted both Wall Street and European markets. Despite this, the STI closed at a respectable 3,589.13 on 4 October. \nThe third quarter of 2024 witnessed a remarkable surge in REIT performance, driven by optimistic investor sentiment surrounding interest rate cuts. According to The Business Times, US office REITs, such as Keppel Pacific Oak US REIT (SGX: CMOU), led the charge with substantial gains. Local office REITs like Suntec REIT (SGX: T82U) and OUE REIT (SGX: TS0U) also demonstrated impressive growth. Additionally, REITs with overseas assets, including those focused on China such as Capitaland China Trust (SGX: AU8U) and United Hampshire REIT (SGX: ODBU) outperformed.\nSeatrium Ltd (SGX: 5E2) shares experienced a significant increase on Friday, closing at S$1.99, a 12.4% rise. Meanwhile, Hong Kong Land Holdings Ltd (SGX: H78) reached a 52-week high on the same day, closing at $3.93.\nOver at Wall Street, despite initial market fluctuations caused by President Biden’s comments on Israel and Iran, US stocks closed Friday near session highs. A strong jobs report reinforced the US economy’s resilience, bolstering hopes for a soft economic landing.\nChinese stocks in the Hong Kong stock market saw their best performance since 2007. Bloomberg reported that the Hang Seng China Enterprises Index has seen a remarkable 36% increase since its recent low. This surge is primarily attributed to Beijing’s announcement of a significant stimulus package on September 24th. E-commerce companies like Meituan (HKSE: 3690) and Alibaba Group Holding Ltd. (HKSE: 9988) played a pivotal role in driving the index’s gains, gaining 33.4% and 11.9% respectively last week.\nReady to discover the next $100 billion stock? Our newest FREE report dives deep into five popular SGX companies that many say are the next big thing. Read our team’s findings to guide your investment strategy. Click the link here to download now.\nFollow us on Facebook and Telegram for the latest investing news and analyses!\nDisclosure: Joanna Sng owns shares of Capitaland China Trust, Meituan, and Alibaba.\n\n\n\nYahoo\n]","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"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/2473131341"}