Roundup: Singapore stocks end up 0 22 pct on Wednesday afghanistansun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afghanistansun.com Daily Mail and Mail on Sunday newspapers.
2020-12-22 10:35:28 GMT2020-12-22 18:35:28(Beijing Time) Xinhua English
SINGAPORE, Dec. 22 (Xinhua) Singapore shares closed 0.67 percent lower on Tuesday, dragged by worries of possible lockdowns due to a new fast-spreading coronavirus strain.
Investors continued to juggle the outbreak of an ominous new strain of coronavirus in Britain with the passage of a long-anticipated U.S. stimulus package.
U.S. markets managed to stabilize by closing session on Monday, but he new strain has raised fears about another wave of lockdown and travel restrictions around the globe, sparking selloff on the cyclical and travel-sensitive stocks.
MayBank-Kim Eng Retail Research said, Technically, short term momentum for the Straits Times Index has eased with the index consolidating within a trading range bounded by overhead resistance at 2,892 points and near-term support at 2,793 points.
Singapore shares closed 0.56 percent higher on Wednesday, fueled by optimism over coronavirus vaccines rollout and revived U.S. Congress efforts to pass a spending package to boost the pandemic-hit economy.
U.S. markets finished higher on Tuesday after House of Representatives Speaker Nancy Pelosi invited other top congressional leaders to meet to hammer out a coronavirus relief deal. Vaccine rollout continued to make progress as Moderna s coronavirus vaccine appeared set for regulatory authorization this week.
Meanwhile, crude oil prices rose as traders focused on progress of coronavirus vaccine rollout, looking past the tightening of lockdowns in Europe and forecasts for a slower-than-expected recovery in fuel demand.
6:15 PM MYT SINGAPORE, Dec. 15 (Xinhua) Singapore shares closed 0.05 percent on Tuesday, as profit taking emerged after the government had announced the relaxation of social restrictions on Monday evening. Singapore s Prime Minister Lee Hsien Loong announced on Monday that Singapore will enter its Phase three of reopening on December 28, as the number of coronavirus cases continued to fall in the country. Social gatherings of up to eight people will be allowed in public, up from five currently. Meanwhile, crude oil prices dropped on demand worries due to tighter lockdowns in Europe outweighing relief from vaccination rollouts and concerns about a flare-up of tension in the Middle East. A fuel transport ship at the Saudi Arabian port of Jeddah was hit by an explosion on Monday, which the Saudis claimed a terrorist attack.
Roundup: Singapore stocks end up 0 56 pct afghanistannews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from afghanistannews.net Daily Mail and Mail on Sunday newspapers.