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 alongside CapitaLand Integrated Commercial Trust (CICT) and CapitaLand Ascendas REIT (CLAR). Watch the video to learn more about what we are looking out for this week.
Weekly Market Review
1:33 - Macro Update
The Straits Times Index (STI) rose 0.6% to reach close to the 5,000 level.A sharp divergence occurred in the US, where the Dow Jones surged 2.5% to cross the 50,000 mark for the first time, while the tech-heavy Nasdaq fell 1.9% due to a sell-off in software stocks.US software stocks faced their sharpest correction since 2022, driven by fears that generative AI (like ChatGPT and Claude) will disrupt traditional software business models.Keppel Ltd jumped 6.5% following strong full-year results and the appointment of Piyush Gupta as chairman, while Singtel...