What happened?
In this week's Weekly Market Review in partnership with Securities Investors Association Singapore (SIAS), we discuss key developments in the global equity market and also share more about Mapletree Industrial Trust and Frasers Logistics & Commercial Trust Watch the video to learn more about what we are looking out for this week.
Weekly Market Review
1:44 - Macro Update
The US market saw further weakness, with the S&P 500 declining by 3.1% and the NASDAQ falling by 3.5%, led by sharp drops in major tech stocks like Tesla and NVIDIA.In contrast, Singapore’s STI outperformed with a 0.5% gain, climbing above 3,900.Market uncertainty has been driven by fluctuating US tariff policies, leading to weaker consumer sentiment and spending.Additionally, February’s non-farm payroll data came in weaker than expected, raising concerns about an economic slowdown.In response, investors have increased their expectations for US Federal Reserve rate cuts, anticipating...