The Business Times
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MARK TO MARKET

Oil price rise ignites new inflation impulse

Investors could face higher long-term bond yields, as well as persistent pressure on interest rate-sensitive tech stocks and Reits

Ben Paul

Ben Paul

Published Mon, Oct 9, 2023 · 05:00 AM
    • MAS is due to release its policy statement this month amid a rise in oil prices.
    • MAS is due to release its policy statement this month amid a rise in oil prices. PHOTO: BT FILE

    NVIDIA has been the best performing component of the S&P 500 index this year, with a total return of 197.8 per cent up to the end of September.

    After that blistering run, the chipmaker – widely seen to be at the epicentre of the rise of artificial intelligence – now has a market capitalisation north of US$1 trillion.

    Only two other S&P 500 index component stocks managed to chalk up triple-digit percentage returns during the same period: Facebook’s parent company Meta Platforms returned 149.5 per cent, while electric vehicle maker Tesla returned 103.1 per cent.

    BT CorrespondentsInflationMonetary PolicyTech stocksS-ReitsUS Federal ReserveMonetary Authority of Singapore

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