Bi-Weekly Review on Strait Times Index (March 2019 - April 2019)
- Singapore Stocks start the week higher on this monday (April 1) with advancing 19.18 points points, or 0.6 per cent
- Markets are bullish but the volatility is higher for the past 2 weeks
- Market Catalyst affect several area : Australia, Japan, South Korea, China and Hong Kong
- Most active stocks for today (April 2): Thomson Medical, Hi-P , and Sembcorp Marine
- There is a huge certain amount of uncertainty due to geopolitical and growth outlook
The Most Important Factors to be Considered
- There is not much on global macro for past two weeks
- Market Catalyst mostly caused by high level trade negotiations between U.S. and China
- Manufacturing growth rise unexpectedly for these week during this march-april after hit a bottom before march
- On the other hand factory activity in Japan, South Korea, Malaysia and Taiwan continues to shrink, leading to bullish expectation on industrial index
- Most of emerging country still depends on China demand
- They also suffers from U.S.-China tariff war and Brexit uncertainty
- China should embrace financial risk in order to ameliorate asia supply chains
- Interest rates need to be more accomodative especially Indonesia and Thailand
- Purchasing Managers Index (PMI) expected to be continue to expand in this months
- Policymakers across Asia continue to look for a way together to stabilize growh (policy easing will be expected for several months ahead)
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