Analysts have always thought that August is a month where stocks markets can get rather dynamic. I feel that Singapore stocks markets are starting to bear this out (literally though some thought of the bear of the bear markets). This comes about after Janet Yellen’s unclear message of interest rate hike decision. Then, we have had more and more countries imposing travel advisories on our country. Oil stocks continue to go lower, Telcos, Reits and dividend stocks might be shunned by investors looking at higher-returns means with interest rate expected to increase.
Travel-related stocks might also be sold off due to travel advisories which may discourage tourism to Singapore. Bank counters might also not be in vogue since the Swiber incident highlight how with interest rate climbing, oil stocks may find it hard to service their loans and banks have such exposures. Related sectors like properties are also in the ......