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FTSE Straits Times Index
STI.SG
the most globally-recognised benchmark index and market barometer for Singapore
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"Tension over 'AI Bubble' Spreads, Asia-Pacific Stocks Continue to Decline, Hang Seng Index Up 0.01%" | Lianhe Zaobao

After NVIDIA released its latest performance, concerns about the overheating of artificial intelligence investments intensified, leading to a general decline in the Asia-Pacific stock markets. The Singapore stock market performed relatively well, with the Straits Times Index rising slightly by 0.01%. The Shanghai stock market rose by 0.18%, while Taiwan and Seoul, due to the heavy weighting of technology stocks, fell by 0.66% and 0.61%, respectively. The Shenzhen, Hong Kong, Tokyo, and Sydney stock markets also experienced varying degrees of decline

Zaobao·
SG
STI
+0.01%
Zaobao·
SG
STI
+0.01%

"Asian Stocks" Asia-Pacific stock markets generally weak, chip and related stocks continue to retreat

The Asia-Pacific stock market is generally weak, with chip and related stocks continuing to retreat. Indian information service stocks are in demand. The People's Bank of China conducted a net injection of 115 billion yuan through reverse repos. The Shanghai Composite Index fell by 1 point, the Shenzhen Component Index dropped by 42 points, the Hang Seng Index decreased by 117 points, and the Taiwan stock market fell by 137 points. Japan's Nikkei Index slightly declined by 10 points, while South Korea's Kospi Index dropped by 24 points. India's Nifty 50 Index rose by 28 points. Australia's S&P/ASX 200 Index fell by 15 points, and New Zealand's NZX 50 Index decreased by 15 points. The Singapore Straits Times Index fell by 1 point. The stock markets in Malaysia and Indonesia rose, while those in Thailand, Vietnam, and the Philippines showed mixed results

AASTOCKS·
SZ
399001
0.00%
SH
000001
+0.18%
US
YCS
+1.54%
AASTOCKS·
SZ
399001
0.00%
SH
000001
+0.18%
US
YCS
+1.54%

The local stock market opened down 0.13% on Wednesday | Lianhe Zaobao

The Singapore stock market opened down 0.13% on Wednesday, with the Straits Times Index falling 5.70 points to 4498.97 points. The trading volume was 130.6 million shares, with a turnover of SGD 218.22 million. 113 stocks rose, while 90 fell. Genting Sing had the largest decline, dropping 1.30% to SGD 0.76; YZJ Shipbldg SGD rose 5.52% to SGD 3.44

Zaobao·
SG
G13
-2.60%
SG
BS6
+2.76%
SG
STI
+0.01%
Zaobao·
SG
G13
-2.60%
SG
BS6
+2.76%
SG
STI
+0.01%

Stocks to Watch on Wednesday | Lianhe Zaobao

Concerns about the artificial intelligence bubble continue, with the three major U.S. stock indices falling on Tuesday. The Nasdaq index dropped 1.21%, while the Dow Jones Industrial Average and the S&P 500 fell by 1.07% and 0.83%, respectively. Tech giants generally faced selling pressure, with Amazon and AMD declining over 4%, and Nvidia and Microsoft dropping more than 2%. The Director of Research at CFRA noted that if Nvidia's performance exceeds expectations, it could help ease market tensions. Investors are focused on the non-farm payroll report for September to be released this week, which will impact the Federal Reserve's monetary policy in December. The FTSE Straits Times Index fell by 0.86%

Zaobao·
SG
STI
+0.01%
Zaobao·
SG
STI
+0.01%

The global market sell-off continues, with the Shanghai Composite Index falling another 0.80% | Lianhe Zaobao

Global stock markets are facing a wave of sell-offs, with ongoing concerns about the overvaluation of technology stocks. The FTSE Straits Times Index fell by 0.80%, and Asian markets are generally under pressure. Nvidia's earnings expectations exceeded forecasts, but concerns about artificial intelligence valuations have arisen. Peter Thiel's fund has completely liquidated its position in Nvidia. Analysts believe that the market correction is a healthy adjustment, not a bubble burst

Zaobao·
SG
STI
+0.01%
Zaobao·
SG
STI
+0.01%