2020 will go down in history as one of the most terrifying years for investors as the stock markets plunged into total chaos amid the coronavirus outbreak. DBS is the largest lender in Singapore, so investors will always examine DBS Group Holdings share price to gauge the health of the economy. But question now is: will the second stimulus package from Singapore government be timely enough to salvage the situation?
DBS Group share price in dark chapter with virus
DBS Group Holdings share price ambushed by coronavirus?
At the point of writing (12 March 2020), DBS Group Holdings share price had tumbled 23%, much higher the 17% correction for OCBC share price. The huge correction of DBS Group Holdings provided clear signal that recession should be on the way for Singapore.
But of more chilling revelation is the stunning oil price war. As the biggest lender in Singapore, DBS...