Business Times Markets

The Business Times Online Edition - Singapore

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A REBOUND in Hong Kong after days of heavy selling helped ease some of the strain here yesterday and lifted the Straits Times Index (STI) off its 21-month low to gain 23.36 points to 2,751.75. - [Read more]

TRADERS who sold on Monday in expectation of Wall Street weakness found their actions vindicated yesterday when stocks throughout the region collapsed in the wake of a Monday sell-off in the US. - [Read more]

WE ASKED in this column yesterday whether the Straits Times Index (STI) would hold on to the 2,800 level or sink to a year-low. And the markets answer was resounding. - [Read more]

LAST weeks column advised readers to guard against what could well prove to be another false Wall Street rally that had, at the time, come after oil prices dropped below US$115 per barrel. - [Read more]

THERE really wasnt that much to distinguish this weeks trading from last weeks - or, for that matter, from the dozen or so weeks before that. It was a tale of tracking Wall Street, basing ones decisions on expectations of how the US market would perform later each day. - [Read more]

LATE-AFTERNOON bounces in Hong Kong and Europe, plus a rise in US futures, sparked hopes yesterday that Wall Street could finish Thursday higher, saving the Straits Times Index (STI) from a third straight loss that might have taken it below 2,800. - [Read more]

THE Encarta World English Dictionary defines attrition as the gradual wearing away of morale and the powers of resistance by persistent attacks. Its a decent enough description for current conditions in stock markets everywhere, including Singapore. - [Read more]

WERE hostage to Hong Kongs volatility, said a dealer yesterday. When things are so uncertain, what can you do? - [Read more]

SINGAPORE stocks rose yesterday, but gave up some of their opening gains as investors remained cautious about the week ahead. Buoyed by a strong finish for US stocks on Friday, prices here opened mostly higher, but fell back later in the day as a slew of economic reports weighed on the prospects of local companies. - [Read more]

THE last time oil prices fell by as much as they did last Friday was on Tuesday, but the subsequent Wall Street rally only resulted in a modest gain for stocks in this part of the world that did not last beyond Wednesday. - [Read more]

THIS weeks trading provided a harsh reminder of a simple but often overlooked fact of stock market life - its all about anticipating the future rather than reacting to the past. - [Read more]

WEDNESDAYS bounce was followed immediately by a volatile and weak session yesterday, a relatively inexplicable development given that Hong Kong managed a rise and Europe opened with modest gain. - [Read more]

AS CORRECTLY predicted in yesterdays column, Tuesdays market reversal was indeed thanks to buying ahead of an anticipated Wall Street rally - the US market surged on Tuesday in the wake of a big drop in oil prices. - [Read more]

FOLLOWING recent patterns, traders yesterday bet heavily on Wall Street rising on Tuesday. - [Read more]

WITH sentiment as weak as it is, how might traders looking to eke out a living survive? - [Read more]

ALMOST exactly 10 years ago in September/October 1998, the Malaysian government declared Singapores over- the-counter market Clob International to be an illegal market for Malaysian stocks and ordered the migration of all those shares back to Kuala Lumpur. - [Read more]

AS PREDICTED in our Thursday column, Wall Street plunged on Thursday, leading to another weak day in the local market yesterday, when the Straits Times Index dropped 23.58 points to 2,906.07. - [Read more]

IF YESTERDAYS trading follows previously well-established form, then Wall Street on Thursday would probably weaken, or at the very least undergo a volatile, rocky session. - [Read more]

AFTER losing 92 points in four consecutive days of selling, the Straits Times Index (STI) yesterday rose 38.95 points to 2,925.5, thanks mainly to an overnight bounce on Wall Street that afforded some relief to equity markets everywhere. - [Read more]

ARE we there yet? Sounds like impatient kids during a long road trip. But thats what many investors are asking after months of roller-coaster trading that has sent sentiment spinning between hope and despair. - [Read more]