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 equities dropped 7 points, or 0.1%, to 5,462 around noon on Monday as traders took profits after the index hit a record high in the previous session. The broader market tracked a decline in US futures ahead of a busy corporate earnings week. Rising oil prices also pressured sentiment amid escalating tensions in the Middle East, as inflation concerns fueled expectations of further interest rate hikes. Investors also awaited the release of US inflation data later this week for clues on the Fed’s monetary policy decision at its upcoming meeting. They were also looking ahead to a slew of Chinese data, including Q2 GDP, industrial production, and retail sales, due later this week. Healthcare, distribution services, consumer durables, and non-energy minerals stocks led the declines. Among the early losers were UOL Group, which plunged 3.1%, followed by DFI Retail Group (-2.7%), Jardine Cycle & Carriage (-2.1%), and City Developments (-2.1%).
