Dear readers, today was 7 Apr 25 and the Singapore stock markets, as measured by The Straits Times Index (STI) went south by 7.46%!
In my many years of being a seasoned investor, today is one of the few days that I noted that the STI dived by such a large magnitude.
In fact, during intra-day trading today, the STI went as low as 8.57% lower.
Among the STI constituents, the following stocks are the worst performers for the day and they performed worst than the benchmark STI:
Seatrium: -14.43%
YangZiJiang: -11.52%
Keppel: -11.15%
Sembcorp Industries: -9.67%
SGX: -9.45%
DBS: -9.28%
Venture: -8.88%
Mapletree Logistics Trust: -8.40%
SATS: -8.30%
Capitaland Investment: -8.30%
HongKong Land USD: -7.75%
Genting Singapore: -7.53%
The top 3 STI which were the least impacted today were:
Capitaland International Commercial Trust: -3.74%
UOL: -3.99%
Frasers Centrepoint Trust: -4.11%
I believe there will be more downside to come as I believe there may be some more reactions from countries which face the effects of the tariffs.
Warren Buffet told us to be Greedy when others are Fearful.
And it is also important not to catch a falling knife.