Since my last update on my opinions of the Singapore stocks markets (you can read the post here ) , the Singapore stocks benchmark STI did not fail to disappoint Singapore investors with its continued lacklustre performance. As of 17 Aug 2018, the STI closed at 3,209.44 which is not far off from the 3,191.82 reached on 2 Jul 18.
I would continue to think that the STI would continue this downward movement to below 3,000 and thereafter to 2,880 on the back of macro developments. In fact, there is even more impetus to push global stocks markets including Singapore into more bear territory with the Turkish currency factor.
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