Throughout 2019, the Straits Times Index has been volatile, hitting several peaks and troughs, amid the heightening trade tensions between the US and China. From a low of 3,012.88 points in January, the benchmark index hit a 12-month high of 3,407.02 points in April, before retreating to close at 3,206.09 points on Dec 16, making a 5.5% gain year to date.
STI looks set to end the year higher; both earnings and yield growth expected in 2020
SINGAPORE (Dec 20): Singapore’s open economy makes it vulnerable to the ebb and flow of global trade. This inevitably has an impact on the local stock market.
