Straits Times Index
2,789.88 -1.08% -30.36▼
| Volume: | 2,236.7M | ||
| Value: | $1,845.1M | ||
| Gainers/Losers: | 113/318 | ||
Singapore shares close 1.1% lower on Wednesday
THE uncertainty lurking ahead for the global economy after an unexpected victory by Republican candidate Donald Trump in the US presidential election sent traders scrambling on Wednesday and took a toll on local shares.
Amid heavy trading, Singapore stocks finished 1.1 per cent lower, with the benchmark Straits Times Index losing 30.36 points to 2,789.88. The blue-chip index was down as as much as 2 per cent just after noon but recovered later in the day.
About was 2.24 billion shares worth S $ 1.85 billion changed hands, which worked out to an average unit price of S $ 0.82 per share.
Hillary Clinton: 197 Donald Trump: 216
Edited~
Hillary Clinton: 190 Donald Trump: 187
Wow are people OVER reacting....its not end of the world......American stilll need to go to work and trade.
STI drop 55pts. futues -700 ......
Will there be a reverse ( after ppl start to calm down ) . Let see
Futures minus 445........................ caution...
STI lau sai as trump put on pressure......
US Election 2016 Results Overview
Hillary Clinton: 68 Donald Trump: 57
US Election latest updates.........L i n k
Stocks To Watch
ARA Asset, CapitaLand, Frasers Centrepoint, NeraTel, Trendlines
|
Symbol
|
Name
|
Price
|
Change
|
%Change
|
|
|---|---|---|---|---|---|
| DJIA | Dow Industrials | 18332.74 |
|
73.14 | 0.40% |
| S& P 500 | S& P 500 Index | 2139.56 |
|
8.04 | 0.38% |
| NASDAQ | NASDAQ Composite | 5193.49 |
|
27.32 | 0.53% |
Stocks close higher as Wall Street awaits US election results utilities lead
U.S. equities closed higher on Tuesday, led by utilities, as investors eagerly awaited the results of the U.S. presidential election.
" We' re trying to regain what we lost," said Art Hogan, chief market strategist at Wunderlich Securities. " The concern [in the market] is we do not get a consensus outcome," where the Democrats keep the White House and Take the Senate, while Republicans retain a majority in the House. " Any result outside of that ... is a negative for the market."
" The action today suggests the incumbent party has a chance chance of winning," said Bruce Bittles, chief investment strategist at Baird.
US Treasurys erased earlier gains on Tuesday, with the two-year note yield near 0.86 percent and the benchmark 10-year yield around 1.86 percent at $ 1,274.50 per ounce. .
Polls started opening in the East Coast around 6 am Tuesday, as one of the most contentious elections in recent memory came to a close. Financial markets around the world had been settled in a victory for Democratic nominee Hillary Clinton over her Republican counterpart, Donald Trump .
Clinton had seen her lead on Trump narrow recently, after the FBI opened a new probe related to emails found on disgraced congressman Anthony Weiner' s computer. But on Sunday, FBI Director James Comey said the bureau had " not changed its conclusions," reached in July , On Clinton' s private email server.
Financial markets rallied on the back of the news on Monday, with the three major US indices rising more than 2 percent and posting their best trading day since March 1.
" Thankfully after today we can stop speculating on what the stock market is going to do depends on who the next President is," Peter Boockvar, chief market analyst at The Lindsey Group, said in another note. " Now I do not want to Downplay the importance of our next leader, ... but when it comes to the direction of the stock market in the next few years, it will be all about the direction of interest rates as that has been the dominant driver of this bull market. "
The Federal Reserve is scheduled to meet mid-December, when it' s expected to raise interest rates. Randy Frederick, vice president of trading and derivatives at Charles Schwab, said market expectations for a rate hike next month were at 82 percent, " which is the Highest I' ve ever seen them.
Overseas, European equities traded mostly higher, with the pan-European Stoxx 600 index gaining around 0.32 percent. In Asia, stocks mostly rose, with the Shanghai composite advancing 0.47 percent and the Nikkei 225 closing just below breakeven.
In oil markets, U.S. crude erased earlier losses, settling 0.2 percent higher at $ 44.98 per barrel.
Read more ...
Straits Times Index
2,820.24 0.69% +19.29▲
| Volume: | 1,654.9M | ||
| Value: | $1,146.9M | ||
| Gainers/Losers: | 222/177 | ||
Singapore shares close higher on hopes of a Clinton win
THE US presidential election continued to be the main - and possibly only - factor in local stock market trading on Tuesday, with the Straits Times Index (STI) climbing 19.29 points or 0.7 per cent up to 2,820.24 on early indications that the more market-acceptable Candidate Hillary Clinton was the early leader.
Turnover amounted to 1.7 billion units worth S $ 1.2 billion, the fourth consecutive day that dollar value was above the broking industry' s estimated breakeven point of S $ 1 billion. Before that, it had fallen below S $ 1 billion for 12 straight days. Excluding warrants, there Were 222 rose versus 177 falls.
Asia: Stocks rise before US vote as polls show Clinton lead
Asian stocks climbed for a second day as polls showed Hillary Clinton ahead of Donald Trump in the US presidential election before Americans head to the polls on Tuesday.
The MSCI Asia Pacific Index gained 0.4 per cent to 137.92 as of 4:01 pm in Hong Kong, led by raw material and consumer discretionary stocks, following a 0.5 per cent advance on Monday.
The Shanghai Composite Index closed at a 10-month high as speculation that Mrs Clinton will win outweighed a larger-than-expected drop in Chinese exports. Indonesian and Philippine shares led regional gains amid earnings optimism and increases in metal prices.
The final Bloomberg Politics national poll before the election with Democratic candidate Mrs Clinton ahead of Republican nominee Trump by 44 per cent to 41 per cent, prompting a relief rally across global equities markets on Monday.
The poll was conducted before the Federal Bureau of Investigation reiterated its conclusion that Mrs Clinton' s handling of e-mails was not a crime and that it would not recommend criminal charges against her.
" The market is adding risk assets again," said Michael McCarthy, chief market strategist at CMC Markets in Sydney.
" Clinton for continuity, while Trump represents disruption. But as we' ve seen in the case of Brexit, anything could happen and so there' s still a lot of uncertainty surrounding the elections until we see the actual results."
BLOOMBERG
Soon, we can celebrate the 10-year anniversary of this thread. This was the first post:
http://www.sharejunction.com/sharejunction/listMessage.htm?topicId=2070& recordCount=76920
Ten years ago, this thread said " STI to cross 3000 boosted by long-term investors" . Ten years later, it is still relevant! 
