SIA posts record profit but Sea and Grab disappoint
This week, the Japanese and German stock markets climbed to record highs.
However, the Singapore stock market is being left out of the global optimism, with the Straits Times Index (STI) falling 0.2%.
One of the reasons for the weakness is the continued sell-off in Singapore bank stocks, even as DBS, UOB and OCBC have reported stellar results recently.
We take a deep dive into what is causing the fall in Singapore bank stocks, and try to understand what investors should look out for next.
If you have any questions about how to invest with growing recession concerns, join us for our upcoming free webinar on 25th May.
Source: Bloomberg. Price as of market close on 19 May
🏦 Singapore bank stocks under pressure
