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Stocks rise as AI selloff eases: Weekly Market Recap
By Beansprout  •  August 2, 2026
Singapore stocks hit new highs while the AI-related stock selloff eased. I was getting into a taxi this week when I noticed that the driver was playing some romantic ballads I have not heard of. Intrigued, I noted down a few of the lyrics and searched for the song online. I also tried using a music recognition app to identify the track, but neither worked. As someone who finds it hard to let go without knowing the answer, I eventually asked the driver what he was listening to. He pointed me to a YouTube playlist called “1950s Romantic Oldies”. I found the playlist, but strangely, there were no song titles or singers listed. That was when I began to suspect that the music the taxi uncle was enjoying might have been generated by artificial intelligence. There is nothing wrong with that, as different people enjoy different things. But I eventually went back to my own Spotify playlist,...
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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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