Expect traders to keep eye on (foot)ball

Late-night World Cup games are likely to exert a toll on investors in the coming weeks. Records show World Cups have a dampening effect on the Singapore stock market.
Late-night World Cup games are likely to exert a toll on investors in the coming weeks. Records show World Cups have a dampening effect on the Singapore stock market.PHOTO: AGENCE FRANCE-PRESSE

Singapore stock market likely to quieten further but downside seen limited after May's tumble

Football fever is expected to relegate share trading to the sidelines as late-night World Cup games take their toll on investors.

The silver lining is that after the stock tumble in May, the downside for the Singapore stock market may be "rather limited", says a report.

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A version of this article appeared in the print edition of The Straits Times on June 15, 2018, with the headline 'Expect traders to keep eye on (foot)ball'. Print Edition | Subscribe