Philip Chua Business Blog

Posts Tagged ‘Shanghai’

WITH Wall Street closed for the 4th of July holidays and Shanghai's key index sliding to a 14-month low, there was no way for the local bourse but to head south. That said, the Straits Times Index still showed remarkable resilience by remaining largely range-bound on low volumes, and closing the session just 0.17 of a point down at 2,844.02. Traders said that whatever little volume that was being ... more

The risk aversion prevailing since 21 June accelerated during a vicious day of selling in global equity markets, affecting the other asset classes. China's 4.3% fall in the Shanghai composite index was cited as a catalyst for the acceleration phase, the Eurostoxx 50 closing 4.2% down, and the S&P500 currently

ASIAN bourses were trapped in a narrow range of trading yesterday, with investors adopting a wait-and-see approach as the greenback stabilised against the region’s currencies.
Blue chips did their best to rally – and they did manage to get the benchmark Straits Times Index (STI) up by 13.75 points to 2,758.79 – but other Asian markets were mixed.
China’s Shanghai Composite Index rose by 0.53 per c… more

THE equity market in Singapore and around the region remained volatile and wary as the forces of hope and fear (or greed and fear, as some might prefer) continued to battle it out in the psyche of the investor.
Weakness in Hong Kong, where tech shares were sold down, and a lacklustre opening in Shanghai translated into a somewhat bearish session here in Singapore, with the Straits Times giving up … more

THE local bourse was raring to go yesterday morning, but its bright start to the week crumbled rapidly under enormous selling pressure in Shanghai, which plunged deeply into the red.
After opening at a high of 2,667.82 points, the Straits Times Index (STI) quickly lost steam, sinking into negative territory within half an hour of trading. It never made it back to the black all day.
By the close of… more

UNLESS Shanghai displays signs of more destabilisation, local blue chips may well end on a high note for the month of August, as its last trading day draws to a close today.

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STindex

Despite earlier fears of a ferocious correction after the run-up last month, Augus… more