Singapore Stocks Slide As Growth, Inflation Concerns Mount; STI Falls 1.04%

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Singapore Stocks Slide As Growth, Inflation Concerns Mount; STI Falls 1.04%

The Business Times2022-06-30

SINGAPORE shares were hammered on Thursday (Jun 30) as sentiment worsened across the region on growth fears as central banks tighten monetary policies to tamp down rising cost pressures.The Straits ...

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WJ77
·2022-07-01
Ok
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MonaMaMa
·2022-06-30
Try Lion OSPL Low carbon ETF for better diversification
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Bank of Arai
·2022-06-30
Ok
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Bank of Arai
·2022-06-30
Ok
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来人
·2022-06-30
Ok
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Derrick0359
·2022-06-30
Pls comment
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Popo123
·2022-06-30
Headache sia
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plasticbag
·2022-06-30
Ok
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ValuInvestor
·2022-06-30
Ok
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Home22
·2022-06-30
🤦🏻‍♂️
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DarkFate
·2022-06-30
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TeslaLegend
·2022-06-30
Nice
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This comes ahead of the release of key US personal consumption expenditures (PCE) price index later on Thursday.Fears over rising prices were also heightened following the latest inflation figures out of Spain and Germany.Equity markets across most of Asia-Pacific wrapped up the final day of the second quarter on a downbeat note. Japan fell 1.5 percent on weak industrial production data. Taiwan was the biggest loser, losing 2.7 percent, while main indices in Hong Kong, Australia and South Korea also fell. Malaysia bucked the trend, closing marginally higher.Meanwhile, China’s Shanghai Composite closed 1.1 percent higher. Latest data showed activity in China’s manufacturing and services sectors in June expanded for the first time in 4 months, indicating that a consumer-led recovery was gaining traction in the world’s second-largest economy.On the home front, some 1.13 billion securities worth S$1.1 billion were traded. Losers outpaced gainers with 290 counters down and 204 up. 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