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Saturday, July 28, 2018

SINGAPORE STOCKS MARKETS: SOME COMMENTS

SINGAPORE STOCKS MARKETS
Dear readers, yesterday (27 Jul 18) the Singapore Stocks STI closed at 3,324.98. As at 20 Jul 18, the STI was 3,297.83, hence the STI has in effect went lower by 0.83%. But the decline in the STI (a barometer for Singapore stocks in general) was not always a straight decline since the STI actually went up by more than 1% on 25 Jul 18 at the mention of US-EU trade tensions. But in my post the following day (Jul 26), I have highlighted that the main trade tensions is between US and China and that’s where investors should be aware of and hence the STI rally on 25 Jul 18 was unlikely to be sustained. On the trade tensions front, not much has been resolved and hence I am maintaining a bearish view of the Singapore stocks markets for now.

While we were sleeping, US stocks performed as follows:

1) Dow: -0.30% 2) Nasdaq: -1.46% 3) S&P: -0.66% The above would add to the bearish narrative for the Singapore stocks markets.

For the time being, as I have mentioned for some time already, investors should keep clear of the stocks markets for now. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.


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