Singapore equities saw mixed moves on Thursday, with selective strength among blue chips while REITs showed sharper volatility. STI Top Gainers Top Performer: Jardine Matheson Holdings Ltd (J36. SG) +2.21% to S$76.31 Other notable gainers: Thai Beverage PCL +1.14% Wilmar International Ltd +1.08% Hongkong Land Holdings Ltd +1.07% Seatrium Ltd +0.84% Key Point: Jardine Matheson led STI gains, reflecting strength in regional conglomerates. STI Top Losers DFI Retail Group Holdings Ltd (D01. SG) -5.26% to S$4.50 Other laggards included: UOL Group Ltd -2.81% Yangzijiang Shipbuilding Holdings Ltd -1.47% Genting Singapore Ltd -1.47% SATS Ltd -1.08% REITs Movers Top Gainers BHG Retai...
Key Market Movements
- Nasdaq Composite (-1.35%) fell sharply, dragged by tech stocks.
- S&P 500 (-0.41%) recorded its fourth straight losing session.
- Dow Jones (+0.37%) ended higher, bucking the broader downtrend.
Major Stock & Crypto Updates
- Tesla (TSLA) plunged over 9%, bringing its market cap below $1 trillion.
- Solventum (SOLV) soared 10% after Thermo Fisher Scientific (TMO) announced a $4.1 billion acquisition of its purification and filtration unit.
- Bitcoin dropped to $87,000, a three-month low, as the crypto market saw an overall 10% decline.
- VIX spiked to 21.28, the highest since Jan. 27, indicating growing market volatility.
Bond Market & Earnings Watch
- 10-year Treasury yield fell below 4.3%, its lowest level since December, signaling recession fears.
- Upcoming Earnings:
- After the bell: Intuit (INTU), CAVA Group (CAVA), Maplebear (CART), Workday (WDAY).
- Wednesday: Nvidia (NVDA) earnings—market watchers anticipate a major impact.
Summary:
- Nasdaq led the market decline, down over 200 points, while Dow gained slightly.
- Tesla slid 9%, losing its $1 trillion market cap.
- Bitcoin fell to $87K amid a broader crypto selloff.
- 10-year Treasury yields dropped, fueling recession concerns.
- Nvidia’s earnings on Wednesday could be a major market driver.
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