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 UOB and OCBC 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) pulled back by 0.5% last week to slip below the 5,000 mark. In the US, the S&P 500 declined by 0.5% to break below 6,900, largely dragged down by tech stocks as AI concerns and hot inflation data weighed on sentiment.Global volatility spiked over the weekend following a major coordinated military attack by the US and Israel on Iran. Unlike previous targeted strikes, this escalation reportedly resulted in the death of the Iranian leader, sparking retaliatory missile and drone attacks across the region and raising fears of a broader conflict.In response...