Philip Chua Business Blog

Posts Tagged ‘sell-off’

TRADING was mostly weak yesterday, but a late burst of buying ahead of an anticipated rise on Wall Street limited the Straits Times Index’s loss to 15.35 points at 2,781.86.
Earlier in the day, a Hong Kong-led sell-off had dragged the index to a low of 2,769 or a loss of about 28 points. But as traders all know, much of what happens to stocks here depend on expectations for the US market later in … more

A global sell-off on equity markets dragged down crude prices by nearly 3 percent Thursday, the first decline this week.

STI ends 16.67 points lower but off day’s low on short-covering and mixed Europe opening
THE local stock market suffered from a third consecutive Wall Street-triggered sell-off yesterday, this time resulting in 16.67 points being cut off the Straits Times Index at 2,632.31. This brings the index’s three-day losing streak to 85 points or 3.1 per cent.
It did, however, finish off its low of 2,605 y… more

BUMPER profit numbers from Apple sent regional stock markets rolling yesterday, although the local bourse lost its enthusiasm half way through the day.
The Straits Times Index was up by 17 points at one stage, but traders took advantage of the higher prices to cash in.
The sell-off sent the STI easing back to close virtually unchanged, 0.61 points lower at 2,711.09, while other regional bourses we… more

MARKETS across Asia went into convulsions of anxiety yesterday, amid growing doubts over the strength of the global economic recovery.
Widely watched stock indexes in Singapore, Hong Kong and Shanghai all suffered their biggest one-day falls in value terms this year, as spooked investors scrambled for the exit.
In Singapore, the sell-off started at the opening bell, as traders reacted with dismay … more

A SELL-OFF on Shanghai’s stock market triggered off a domino effect across Asia yesterday, after stocks punched to a 10-month high just a day earlier.
Yesterday, Chinese stocks plunged 5 per cent in heavy turnover, posting their biggest daily drop in eight months and ending a five-day liquidity-driven rally. At one point, stocks were close to 8 per cent lower.
The heavy losses in the East Asian gi… more

THE local market ended a four-day rally yesterday as investors took profit after the recent market frenzy, in a fall

mirrored across Asia as regional bourses slipped from their 10-month peaks.

The morning sell-off was mild, but sentiment soured after China markets took a sudden dive in the afternoon on concerns that government efforts to control huge amounts of bank lending could suck out some… more

STOCKS here and elsewhere in Asia rebounded sharply yesterday after Monday’s losses, boosted by renewed hopes of a recovery in the region’s major economies.
The Straits Times Index recouped all the losses suffered in Monday’s sell-off to end 43.91 points or 1.9 per cent higher at 2,310.55, after rising as much as 2.1 per cent earlier in the day.
Banks and property developers – whose fortunes are c… more

STOCKS surged strongly yesterday on news that Singapore might finally be emerging from the depths of its worst recession in decades.

Values were boosted by news that second-quarter flash estimates showed Singapore’s gross domestic product had grown 20.4 per cent from the first quarter. Biggest gainers were bank and property counters, which were both badly bruised by Monday’s sell-off.

The Gove… more