
SIAS
2020-10-04 22:13:02
Rebound stalled after Trump tested positive for COVID-19
The STI was on an uptrend when news of Trump’s infection broke;
Index still managed a 1% gain for the week;
SGX’s market cap was 2.7% down in Sep at $740b;
US economic recovery looks like its stalling;
Authorities updated guidelines for conduct of meetings;
MAS ordered Ayondo to provide documents for investigation;
Best World dropped defamation suit against Bonitas Research
Trump’s positive virus test was main talking point
The big news last week wasn’t the economy, interest rates or tech stocks; instead it was news on Friday that US President Trump and his wife have contracted COVID-19.
The news was initially known in mid-afternoon in Asian trading, leading to a 500 points slide in the Dow futures and bringing the sellers out in force around the region. Here, the Straits Times