THE BUSINESS TIMES - "Singapore shares drop 1% on Monday as strong US jobs data dims hopes for big Fed rate cut.
... This saw the local Straits Times Index (STI) finish 32.58 points or one per cent down at 3,334.23...
Vanguard Partners managing partner Stephen Innes noted that after the strong payrolls report, "there some concerns that (Fed) chair Powell could walk down some of the market aggressive Fed rate cut pricing, and this too is having a significant impact on the investor psyche".
Mr Innes added that Asian indices were also weighed down by "escalating trade friction between Japan and South Korea not to mention the monumental slide in Samsung’s profits".
Read more :
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| https://sginvestors.io/market/sgx-share-price-performance/straits-times-index-constituents |
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| https://sginvestors.io/market/sgx-breakout-price-52-week-high |
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| https://sginvestors.io/market/sgx-breakout-price-52-week-low |
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