S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
Singapore’s stocks fell 21 points, or 0.4%, to 5,538 in Thursday morning trade, snapping a ten-session winning streak, as traders took profits after the index hit a new record high a day earlier. Rising oil prices pressured sentiment, as concerns over inflation raised expectations of further interest rate hikes. Disappointing data from China also pressured sentiment after Wednesday’s figures showed that the country’s economy grew at its slowest pace in 3-1/2 years. Health services led the decline, followed by producer manufacturing, energy minerals, utilities, and consumer non-durables. However, resilient expectations of non-oil export growth capped the fall, with the market expecting exports to increase 30.2% in June, though growth eased from 38.4% in May, driven by a surge in AI-related demand. Among the early losers were Venture Corp. (-1.4%), Yangzijiang Shipbuilding Holdings (-0.4%), United Overseas Bank (-1.4%), Singapore Tech (-1.1%), and Keppel (-1.1%).
