Market Watch

Expect more stock market volatility in week ahead

Gains likely to be more modest given prospects for less stimulus, says analyst.

News that Singapore would further ease border restrictions saw interest turn to the likes of Singapore Airlines, Sats and hospitality stocks. ST PHOTO: GIN TAY
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It has been a turbulent week for markets following the release of the July 27-28 minutes of the US Federal Reserve meetings last Wednesday (Aug 18), showing that the potential for monetary tightening in the next five months is higher than anticipated.

Despite a positive session for the Dow Jones Index last Friday, when it gained 226 points, the index lost a net 395.30 points for the week to close at 35,120.08 points. This, however, is still its third-highest close.

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