Driven by Wall Street
WALL Street's return to "bad economic news is good for stocks" principal has probably been the main driving force behind the Straits Times Index's 205 points or 7.3 per cent rise over the week to 2,998.5, of which 51.47 points came on Friday.
Also helping has been a relatively stable China market, given the massive volatility it displayed last month.
Here, the overwhelming focus has been on blue chips throughout the past month, almost to the exclusion of the rest of the market. For most of the year up to September, a ballpark estimate of the pro…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
South Korea readies new system to detect illegal short-selling
Asia: Markets mixed as global rally stalls, eyes on yen
Singapore shares retreat at Thursday’s open; STI down 1.1%
Stocks to watch: Keppel, FCT, Suntec Reit, OUE Reit, Clint, Digital Core Reit, OKP, Cordlife
Europe: Stoxx 600 falls on banks drag; tech contains losses on ASMI boost
US: Stocks end flat ahead of key inflation data