Outlook on markets and stocks

The Singapore Exchange Centre in Shenton Way.
The Singapore Exchange Centre in Shenton Way.PHOTO: THE BUSINESS TIMES

This year kicked off with two policy risks - the hawkish stance the United States Federal Reserve adopted to guard against rising inflation and the escalating trade dispute between the US and China.

Fortunately for investors, the benchmark Straits Times Index (STI) rallied when both these risks started to fade. It closed at 3,347.58 points on Thursday, up 9.1 per cent from the start of this year.

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A version of this article appeared in the print edition of The Sunday Times on April 21, 2019, with the headline 'Outlook on markets and stocks'. Print Edition | Subscribe