In the latest US jobs report, the US economy added 175,000 jobs, a jump that also lifted the US equity markets. Overnight, the three major US stock markets rose by over 1.28% to 1.38% each. And it is very natural to expect that the Singapore stock markets will follow suit, with a rebound back from the oversold conditions of STI. But is it always true that the Singapore stocks market will follow the movements of the US stocks? To find out, I plotted the STI vs the Dow and the Nasdaq and noticed that though generally the STI quite follows the trend of the US stock markets, from 23 May onwards, while the Dow and Nasdaq was advancing, the STI was retreating, as investors witnessed this week with STI heading south by over 1% on some days. While the Strong US jobs data may translate to a strong ......
