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Banking stocks lead June's broad-market slide

Fears of trade war, Fed hikes, falling yuan, plus school holiday, World Cup season weigh on Singapore equities

The three large-cap banking stocks all ended June with shrunken market capitalisations: DBS Group shed S$4.51 billion, OCBC Bank S$3.77 billion and UOB S$2.07 billion.


BANKING stocks led a broad-market slide in June that saw the Singapore equity market take a beating from fund outflows on fears over a US-China trade war.

Total market capitalisation of some 738 listed companies on the Singapore Exchange stood at S$947.3 billion as at...

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