DBS, OCBC and UOB’s recent rally a remarkable recovery, but are the risks fully priced in?
Should things go south, there is plenty more room for the banks to fall – as history tells us
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[SINGAPORE] Shares of DBS, OCBC and UOB have rebounded since the announcement of US President Donald Trump’s reciprocal tariffs on Apr 2 sent shockwaves through the markets and triggered a massive sell-off.
Over the past two weeks since Apr 7, the banks have climbed around 8.2 per cent on average, although they have not recovered all their losses.
This strong performance comes despite flip-flopping tariff announcements from the White House that are wreaking havoc on market sentiment. Just this week, the US slapped new duties as much as 3,521 per cent on solar imports from four South-east Asian countries.
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