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US stocks rally to new highs on AI momentum: Weekly Market Recap
By Beansprout  •  May 31, 2026
Singapore’s economy appears to be booming. I was reading the news this week and saw that Singapore’s GDP grew 6.0% year on year in 1Q2026, ahead of estimates. To be honest, if you had only been reading the headlines about layoffs, global tensions and market uncertainty, you might have thought the economy was barely holding up.  It also raises a fair question for investors.: Where is the growth actually coming from?  This week, we look at a few growth themes for Singapore stocks. One area is Singapore’s position as a wealth hub. As more wealth flows into Singapore, local banks such as DBS, OCBC and UOB have been growing their wealth management income. With DBS and OCBC trading near record highs, we look at what is supporting this growth, and whether it could continue to support bank dividends. Another growth theme is AI. Beyond the excitement around chip stocks, the...
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By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.
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