Dear readers, Singapore stock markets rallied following the win of Donald Trump as the next US President.
The Singapore stock market benchmark indicator, the Straits Times Index (STI), rallied to close 1.96% higher at 3,673.49.
Among the biggest STI winners are:
DBS: 6.51%
OCBC: 3.79%
Venture: 2.40%
The biggest STI loser was Capitaland Investment which closed today’s session at 3.78%.
In gist, the STI Reits and Trusts were the worst performers today:
Mapletree Pan Asia Commercial Trust: -1.57%
Capitaland Integrated Commercial Trust: -2.49%
Frasers Logistics & Commercial Trust: -2.86%
Mapletree Logistics Trust: -3.01%
Mapletree Industrial Trust: -3.42%
Keppel DC REIT: -3.60%
Trump has proposed higher tariffs and stoked inflation concerns that damped REIT and bonds performance while at the same time causing stocks to soar.