Rate Of Return
SingTelThe UAE intercepted missiles from Iran overnight — the first such alert since the US-Iran ceasefire — and Brent crude surged +5.8% to US$114.44 per barrel, dragging US equities lower (Dow -1.13%, S&P -0.41%, Nasdaq -0.19%).
Intensified conflict caused oil prices to rise, offsetting yesterday's motion regarding the UAE's withdrawal from OPEC.
The decline in US stocks pulled down the Straits Times Index.
Watch the progress of the Singapore stock market in the afternoon.
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