Not quite the start to November that Singapore investors were hoping for!
On Monday, the $STI(STI.SI) dropped more than 70 points. Meanwhile, South Korea surged almost 3%, and even China was enjoying a decent rebound.
Looking at the numbers, you can't help but wonder. Why is everyone else going up while we're heading the other way?
Well, it's really about what drives each market.
In South Korea, investors were picking up technology stocks after the recent selloff. The AI story is still very much alive, although investors are becoming more selective. After spending billions on AI, companies will eventually have to show where the profits are!
China is a slightly different story. Investors are hoping for more policy support, especially with the National People's Congress Standing Committee meeting this week. But hopes are one thing. What matters is whether these policies can actually help the economy.
And back home?
Our STI is dominated by the three local banks. When the banks sneeze, the STI catches a cold! 😅
With bank earnings ( $DBS(D05.SI), $OCBC Bank(O39.SI) , $UOB(U11.SI) ) coming up, I think investors are getting a little nervous. I will be watching their interest margins, earnings outlook and, of course, dividends. Hopefully, some positive surprises can help bring back confidence.
My sense is that investors are still willing to take risks. They're just becoming a lot more picky!
A good story can still attract attention. But these days, investors want the numbers to back it up.
Thanks to Lewis Ong (王阳发), Senior Business News Correspondent at Lianhe Zaobao (联合早报), for the opportunity to share my thoughts! 😊
https://www.zaobao.com.sg/finance/singapore/story20261102-9935039
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银行股受压使新加坡海指败跌1.39% 财报出炉前投资者态度谨慎在银行业绩报告即将出炉前投资者采取谨慎态度,三大本地银行股价受压,导致银行股权重偏高的新加坡海峡时报指数星期一(11月2日)表现落后区域股市,全天挫跌1.36%或72.91点,闭市报5303.83点,早盘一度跌至5262.85点,收盘成功守在5300点之上。 WWW.ZAOBAO.COM.SG |