Photo By William Cho. (Election Fever in Singapore.) [CC BY-SA 2.0 (http://creativecommons.org/licenses/by-sa/2.0)], via Wikimedia Commons
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Even if it does, it is only going to so small. And worse, STI will drop big if the ruling party vote go down and if they lose even more GRC.
Investor confident is going to take a big hit. If opposition win big.
Hi Victor,
Interesting views. So if the ruling party will to lose one more the GRC, STI will drop big?
I’m not going to be a political analyst but I feel that at best the opposition gains a few single seat wards and the STI will just dip a little. People (like me) might be suffering from a hangover due to the elections – attending rallies and shouting the heart out and some may use this as an opportunity to offload some stocks. While this has nothing to do with the results, it is still indirectly caused by the elections.
I think losing a GRC or mor senior ministers may affect the market. It’s a sign that there may be a change in power in five years and MNCs may not want to stay the course to witness any political instability. Markets are sentiment driven. Also, ruling party may be force to tax either corporations or the rich more. Neither of which is good for mr market or companies. Philippines and India are cheaper markets for corporations to shift to. Both English speaking and cheap.
Hi Financial,
Thanks for your thoughts.
I think I know where you are coming from. A change in the ruling party is not new especially in countries like US, UK, Taiwan etc where there are two major parties. Over here, this has never happened and investor confidence will be affected if it did.