DBS shares fell about 5% after earnings missed expectations at $1.25 billion SGD. The Straits Times Index dropped to aro…
DBS shares fell about 5% after earnings missed expectations at $1.25 billion SGD. The Straits Times Index dropped to around -1.1% this morning, trading near 5,210, following Tuesday's close of 5,269.29 (-0.65%), now nearly 10% off its September peak.
The three major Singapore bank stocks have been falling for nearly a month, which is truly unexpected.
If this trend continues, the Singapore stock market could collapse; shouldn't the government investment company step in?
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