Dear readers, Singapore stocks were down by around 0.80% today and with today’s showing of Singapore stocks, our local bourse actually gave back the gains the markets have chalked up in the recent trading sessions. The reason is simple: US has announced that it would impose more tariffs on China’s exports.
I have shared in recent posts that the macro factors are not positive for the global stocks markets currently. In a Facebook survey conducted by Singapore Stocks Investing on 9 Jul 2018 (which would close in 5 days: to participate in this survey, please visit this 9 July 2018 post on Singapore Stocks Investing Facebook page), more than 56% of the poll respondents already supported the view that the STI would head south to 3,000. This has all along been my position for the STI thus far. Any dollar cost averaging to be done should be done at where the STI becomes attractive once again and a below 3,000 mark could be the start for some investors to dollar-cost-average-buy the Singapore stocks though probably Singapore stocks are poised to head south even more in my opinion. Read more »