
SIAS
2022-04-16 23:37:57
“Sell in May and go away”?
The Straits Times Index fell 48 points or 1.4% to 3,335.85
Reasons were the ongoing war in Ukraine, risk of recession and a hawkish US Federal Reserve
Singapore’s Q1 GDP growth was 3.4%, most private sector economists still optimistic
WT Semiconductor offered to take over Excelpoint at S$1.93 per share
TraceTogether token maker iWOW debuted on Catalist
Wall St fell over the week as bond yields rose
The Straits Times Index fell most days last week, only rising on Wed
After holding its ground in the face of mounting headwinds throughout March, the Straits Times Index (STI) – together with Wall Street – spent most of last week under pressure, only managing to rise on Wednesday. With the US market also slipping, possibly because of a sharp spike up in US Treasury yields and increasing