Misc – Share prices in SGX saw red on Thursday

  • Unexpected rate hike by the Fed “reawakened fears of capital outflow from emerging markets” (possibly the main reason for the price correction that S-REITs saw on Thursday)
  • Trump has “approved tariffs on Chinese goods worth $50b” and the deadline for “US to unveil the list of Chinese goods to be hit with higher tariffs” is fast approaching, raising fears of a potential trade war
  • China posted “shockingly weak” economic results, raising fears of a slowdown in the Chinese economy amidst the escalating trade tensions with the US

Sources:

  • Bloomberg
  • The Business Times
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