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RECORD-BREAKING STRAITS TIMES INDEX HITS 17-YEAR HIGH: KEY INSIGHTS YOU NEED!

Dear readers, on November 8, 2024, the Singapore stock market benchmark, known as the Straits Times Index (STI), surged impressively to reach a remarkable 17-year high of 3,724.37. Besides the spillover effects from Trump’s re-election, the catalyst for this rally can be attributed to prominent players in Singapore’s banking sector. Just a day earlier, on

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DBS OCBC UOB stocks

DONALD TRUMP’S WIN: EFFECT ON SINGAPORE STOCKS MARKETS

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% Read More >>> Civil Service Bonus 2024 Estimate

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HOW STOCK MARKETS HAVE REBOUNDED FROM THE PAST?

In the last decade, several stock market recoveries have demonstrated remarkable speed and resilience, underscoring the markets’ ability to rebound from significant downturns. These recoveries are often attributed to various factors, including government intervention, monetary policy adjustments, and investor sentiment. 1. Recovery from the COVID-19 Pandemic (2020) One of the most notable recoveries occurred following

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