The STI’s surge continued in the wake of Joe Biden’s victory; Adding impetus was hopes of a vaccine soon for the virus; SIA issued new convertible bonds at 1.625% coupon; Best World submitted trading resumption proposal; Aspen in play (again) after placement announcement; Hyflux supported SGI’s rescue deal; IPO managers and sponsors to be held to higher standards. Victory for Democrat Joe Biden was the first driver The US election victory by Democrat candidate Joe Biden was one driver of stock prices last week, on hopes that the President-elect would be able to deliver a stimulus package that was larger than previously negotiated or reported. The second and perhaps more important driver were rising hopes of a vaccine to battle the COVID-19 virus that has brought the global economy

The STI fell 66 points or 2.6% to 2,466.62 in September; US tech sector volatility was a big factor; US-China tensions rose as US banned Tik Tok and WeChat from app stores; Absence of agreement on US stimulus package weighed on sentiment; US Federal Reserve announced its inflation target, promised to keep interest rates close to zero for next few years; SIA’s cost-cutting and fuel hedging were in focus; Wilmar’s China unit’s Shenzhen IPO captured market’s attention Entering a “consolidation phase’’ The Straits Times Index lost 66 points or 2.6% over the month of October to end at 2,466.62. A US tech stock selloff that led to the sector experiencing large volatility over the past four weeks, the state of the US economy ahead of next month’s presidential elections, increas

US indices closed week sharply lower ahead of long weekend; STI was dragged lower by 30 points or 1.2% at 2,509.64; Co-founders of SK Jewellery table privatisation offer; Aspen moves ahead with plan to diversify into glove making; Corporate Governance Advisory Committee said directors should state upfront if they are subscribing to rights issues; Analysts still positive on equities despite selloff.   US tech stocks plummet on Thursday, dragging local market lower Thursday’s selloff on Wall Street was the main feature of last week’s trading, resulting in the Straits Times Index losing 30 points or about 1.2% over the five days at 2,509.64. Of this loss, 22.15 points came on Friday in response to the US market’s steep dive on Thursday that affected mainly technology stocks. It

The STI continued to shrug off Wall Street’s all-time highs, gaining just 11 points or 0.4% at 2,539.63; US market was largely supported by hopes of a COVID-19 vaccine soon; US Federal Reserve said it aims to keep monetary policy loose; Rising US-China tensions played a part in capping prices here; Malaysian property company Aspen proposed diversifying into glove making, shares rose to all-time high Virus news helped provide some support, but local market not too impressed The decoupling of the Singapore stock market from Wall Street extended into a second consecutive week last week when US stocks rose to new highs but the Straits Times Index instead underwent a largely nondescript five days, occasionally dragged lower by weak economic news and rising US-China tensions but sometimes r