SGX
Rate Of ReturnThe Iran deal caused oil prices to plummet by about 7%, and Hong Kong airline stocks have already surged in response. In Singapore, SIA, SATS, and logistics REITs will all benefit from cheaper fuel and the reopening of the Strait of Hormuz route.
SIA's stock price has been under long-term pressure due to oil fuel prices and previous investments in India. Although it is a world-class airline, its stock price is still in a bearish trend.
☕️ [Task Coins Giveaway] Daily Market Talk — SpaceX Soars 19% In Record Debut
SpaceX rockets 19% in the biggest IPO ever, a US-Iran peace deal sinks oil 7% and sends Asia soaring, and Warsh opens his first Fed meeting this week.
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