Tiffany lover

SpaceX (SPCX) -3% → closed at $131.11, marking the first time it has ever closed below its $135 IPO price, following the cancellation of the Starship test flight due to an engine failure to ignite; after-hours trading saw the stock price drop to around $124.

Is this the right time to enter the market?

Starlink has always been a profitable performer, but due to the implications of space launches and AI investments, SPCX has suffered a heavy blow just after its listing.

Despite volatility in regional chip stocks, the Singapore stock market remains resilient, approaching historical highs, with local bank stocks being the main driving force. Coupled with the simultaneous push from several blue-chip stocks such as Singapore Airlines and ST Engineering, the next wave of correction is expected to take some time.

Singapore's second-quarter GDP grew 5.7% year-on-year (preliminary estimate), slowing from 6.3% in the first quarter but exceeding expectations of 5.5%. The manufacturing sector led with a +12.2% growth rate, driven by strong performance in the electronics and precision engineering industries fueled by demand for AI chips.

The three major Singaporean bank stocks have been rising continuously, driving gains in the Straits Times Index.

Several strong signals have fueled the next wave of market movement.

Intel (INTC) → announced an investment of 5 billion euros (5.7 billion US dollars) to expand its campus in Leixlip, Ireland, for the production of next-generation Xeon chips, in an attempt to maintain competitiveness in the AI race.

INTC's valuation is already high. Will increasing AI investment again affect investment orientation?

Gold → closed at around $4,112 on Friday, then fell towards $4,060 at the beginning of this week due to rising inflation and interest rate hike expectations triggered by escalating tensions in the Strait of Hormuz, which pushed up real yields (this is a headwind for gold in 2026).

With the war and interest rate hikes and cuts being unpredictable, and as storage/computing power stocks surged and chip stocks provided strong support, the US dollar index weakened, and the safe-haven appeal of precious metals declined.

The Straits Times Index continued to rise, driven by bank stocks (led by UOB), breaking through the 5,400 point mark. The bigger headline is: Temasek's investment portfolio hit a record high of S$518 billion (an increase of S$49 billion), with a one-year total shareholder return of 10.5%, primarily benefiting from its listed Singapore assets.

Benefiting from growth in non-oil exports and two-way growth in oil derivative exports, coupled with the strong performance of the three major bank stocks, the Singapore stock market hit new highs for consecutive days!

Foundation Healthcare (FHH) → The IPO on the Singapore Exchange was oversubscribed 9.4 times (public offering portion), raising S$242 million; trading began on July 8.

Even though recent IPOs were oversubscribed, they all slid to new lows after public trading, giving a feeling of 'fading after exposure.' I wonder what the reason is?

SpaceX (SPCX) → first day in the Nasdaq-100; despite ~$4.3B of expected passive buying, it only edged up ~1% to $158.77, still well below its IPO-week highs.

SpaceX is driving space stocks and even AI growth stocks, and should have great potential.

Singapore's June Manufacturing PMI hit 51.3, the highest since November 2018 and the 11th straight month of expansion, driven by new orders, exports, factory output, and employment. The Straits Times Index (STI) is holding firm around 5,200-5,230, and this PMI number is the cleanest confirmation yet that Singapore's AI-manufacturing cycle has real breadth.

This feels like the first victory since Prime Minister Huang announced earlier this year that Singapore would vigorously develop AI.

In the second quarter, the Singapore stock market surged over 14%, with dividend yields of the three major banks all exceeding 4%, and bank stocks rose over 15%.

Benefiting from the Middle East ceasefire agreement, Singapore Airlines and Sats' stock prices have climbed significantly.

However, the performance of emerging markets remains unsatisfactory.

The second half of the year, especially the third quarter, is crucial. Let's wait and see.

Singapore's stock market performed strongly in June. The MSCI Singapore Free SGD Index rose +4.5% for the month, benefiting from a +38.4% year-on-year surge in non-oil domestic exports in May, with the core inflation rate remaining at a mild 1.4%. The Straits Times Index repeatedly hit new highs.

This is the best summary of the Singapore stock market's performance in the first half of the year!

Singapore stocks rose on Thursday, despite mixed regional performance; the FTSE Singapore Straits Times Index gained 1.1%.

The rise of the STI has become a steady trend, which is undoubtedly a healthy and stable development process for the Singapore stock market.

Those impacted by the US stock market can find the warmth of the tropical rainforest here 😁

The STI is holding near its June 23 record of 5,241, with Singapore's AI-and-semiconductor export cycle keeping 2026 growth forecasts pinned near the top of the official 2 to 4% range.

The two major positive pillars for the STI are AI and semiconductor exports, as well as the burgeoning financial industry of the three major banks. It is believed that the STI will reach another new high.