Singapore Stocks Hurt By Global Risk-off Mood; STI Down 1.6%

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Singapore Stocks Hurt By Global Risk-off Mood; STI Down 1.6%

businesstimes2022-09-28

Markets continued on their downward trend on Wednesday (Sep 28), tracking Wall Street’s decline overnight, after the S&P 500 closed at its lowest level in almost 2 years.The Straits Times Index (STI) ...

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BG68
·2022-09-28
[What] [What]
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DingDang
·2022-09-28
Buy now!!! Dun miss the boat!
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Across the broader market, losers beat gainers 430 to 171, with 1.63 billion securities worth S$1.75 billion traded.Regional markets also closed in the red. Hong Kong’s Hang Seng Index declined 3.4 percent; South Korea’s Kospi fell 2.5 percent and Japan’s Nikkei 225 shed 1.5 percent. The Kuala Lumpur composite index declined 0.6 percent and the Jakarta composite index fell 0.5 percent.IG market strategist Yeap Jun Rong noted that weak performance in the region continues as markets take cues from the global risk-off environment.“A stark warning by the International Monetary Fund (IMF) on the UK government tax plans also provided an additional cause for worry about the global landscape, with markets struggling to find any positive catalyst to drive a recovery,” he said.On the STI, only liquor company Emperador and electronics manufacturer Venture Corp were in the black. 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Dun miss the boat!","listText":"Buy now!!! Dun miss the boat!","text":"Buy now!!! Dun miss the boat!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9918828871","repostId":1119418631,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":85,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}