UOB
Total AssetsSingapore'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.
☕️ [Task Coins Giveaway] Daily Market Talk — Cool CPI Lifts Chips, IBM Craters 25%
Inflation finally broke the market's way. June CPI cooled hard to 3.5%, the biggest monthly drop in six years, gutting July hike odds and sending chips flying. But it was a split tape: JPMorgan and Go...
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
