More Volatility in the Market

By Some Ideas on Investing in Singapore • August 13, 2015

The Singapore stock market has been volatile again this week, losing almost 130 points in the first two trading days and then going up 30 points today, so around 100 points or almost 3.5% loss for the week so far. I'm just going to do a quick analysis of the stock market this week.

(Image source: https://sg.finance.yahoo.com)

First off is the devaluation of the yuan. The yuan is being devalued for the third straight day in a row, not really sure exactly how much it has dropped so far but think it's 3.1% for the week (from the Guardian). The Singapore dollar has also dropped against the greenback along with other regional currencies. I guess that this drop in the yuan would affect the exporters as they would now have to deal with cheaper Chinese exports, while the drop in the Singapore dollar will increase the ...

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