For subscribers
Market Watch
Markets should prepare for more volatility
Sign up now: Get ST's newsletters delivered to your inbox
An abbreviated trading week saw the Straits Times Index (STI) gaining more ground as it rose a solid 85.08 points, or 2.6 per cent, to 3,331.41.
PHOTO: ST FILE
SINGAPORE - The market continued to be turbulent last week amid crosswinds of news flows that included blowout January US jobs numbers, a meltdown in Facebook parent Meta's shares and increasing concerns about rising wage costs.
The biggest market news of the week was the 26 per cent plunge in Meta - which also owns Instagram and WhatsApp - that wiped out well over US$200 billion (S$269 billion) from its market cap within a day.
