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 ST Engineering and Sembcorp Industries. Watch the video to learn more about what we are looking out for this week. Weekly Market Review 1:56 - Macro Update STI crossed 4,000 for the first time, hitting an all-time high and ending the week up 1.2%, signalling investor confidence in Singapore.US markets declined - S&P 500 fell 1.5%, and Nasdaq dropped 2.6%, mainly dragged down by tech stocks.The decline was triggered by a 25% US automaker tariff and concerns over “Liberation Day” (April 2), when reciprocal tariffs are expected.US Consumer Confidence Index dropped sharply to the lowest since 2020, indicating rising economic pessimism.Consumer Expectations Index fell below 80, a level that often precedes a recession, increasing fears of an economic...