Investors may sit on sidelines before Yellen speech
EVEN as old worries persist, renewed anxieties are starting to creep into investors' psyche which could depress the local stock market's showing in the ensuing weeks or months.
Growth concerns over China and the world, Brexit jitters and US rate hike timing which have been weighing on the stock market - none of these fears has gone away.
The worry spotlight is gradually turning on to the US presidential race in the event Donald Trump wins. "While the market appears to be assuming that his (Trump) contender, Hillary Clinton, will win the day ... we should at least think seriously about the possibility of a President Trump," said OCBC economist Wellian Wiranto in a late July note.
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
Singapore stocks end lower after US market wobbles ahead of CPI data; STI down 0.2%
LSEG reports in-line first quarter as Microsoft partnership progresses
Japan brokerage Daiwa’s Q4 profit more than doubles as markets recover
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%