The Singapore election is just less than one week away. I am trying to analyse if there is any particular market trend of STI worth noting, looking back at the past elections.
All the charts below are from Yahoo finance.
2020 Election, 10 July, Friday
Corona Virus Crisis; 29 Mar 2020 low: 2389 -> current: 2652 -> ???
NOW, let us take a look at previous years Singapore general election.
2015 Election, 11 Sep, Friday
China Yuan Devaluation, Oil Crisis; 6 Sep 2015: 2888 -> up 26 Oct 2015: 3083 -> plunged 7 Feb 2016: 2539 -> soared above 3500 until mid 2018.
PS: After the election of Sep 2015, market rise 6-7%. But within the next one year, STI plunged from above 3000 to below 2600 (fall of more than 15%). It then rally for next...