STI down 2% at the end of a volatile week
A DISASTROUS start, an even worse mid-week session, followed by an encouraging finish - this sums up the week just past, during which equity markets everywhere continued to display massive volatility, reportedly because of oil price weakness and large swings in China where prices are more likely to rise than fall.
The week kicked off with the Straits Times Index losing almost 38 points or 1.4 per cent, and even though it regained all of this on Tuesday when it rebounded by 45 points, the worst was res…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
TikTok suspends new app’s reward programme amid EU concerns
Hong Kong spot crypto ETFs to start trading next week
Cordlife substantial shareholder Nanjing Xinjiekou still mulling over offer to buy over remaining shares
Nvidia agrees to acquire Israeli AI software provider Run:ai
HSBC says growing Chinese wealth fuels client investments in US
Unilever's India quarterly profit disappoints