By The Boy Who Procrastinates - June 30, 2018
What is one to say about June? It is definitely an eventful first half of 2018. Just in the month of June alone, we have witnessed several signicant events such as the kicking off of the World Cup, the historical Trump-Kim summit in Singapore, the raising of short-term interest rate by the Federal Reserve to 2%, as well as the recent escalation of global trade tensions by US, with tariff threats against China, Canada and Mexico and the European Union.
Back to the local market, The STI appeared to be experiencing a roll-coaster ride in the 2nd quarter. It has closed at 3430.76 at the start of April, reached a 10-years high of 3641.65 in May and ended at 3268.70 in June, recording a drop of 4.72% in the quarter.
On the other hand, the SGX S-REIT 20 ......