Latest news with #VasuMenon
CNA
07-07-2025
- Business
- CNA
CNA938 Rewind - Stock take today: Tariff deadline looms, US stagflation threat
On the daily markets analysis on Open For Business, Hairianto Diman and Susan Ng speak with Vasu Menon, Managing Director, Investment Strategy, Wealth Management Singapore, OCBC Bank.
CNA
07-07-2025
- Business
- CNA
CNA938 Rewind - Stock take today: Tariff deadline looms, is the US facing stagflation?
On the daily markets analysis on Open For Business, Hairianto Diman and Susan Ng speak with Vasu Menon, Managing Director, Investment Strategy, Wealth Management Singapore, OCBC Bank.
Straits Times
23-06-2025
- Business
- Straits Times
Singapore stocks fall amid mixed regional trading following US strikes on Iran
Across the broader market, losers beat gainers 269 to 217, after 1.16 billion securities worth $1.28 billion changed hands. PHOTO: ST FILE Singapore stocks fall amid mixed regional trading following US strikes on Iran SINGAPORE – Local stocks ended lower on June 23 amid a mixed trading session in the region, after the US launched strikes on three of Iran's nuclear facilities over the weekend. The benchmark Straits Times Index (STI) fell 0.1 per cent or 4.17 points to 3,879.26. Across the broader market, losers beat gainers 269 to 217, after 1.16 billion securities worth $1.28 billion changed hands. Across the region, key indexes were mixed. Hong Kong's Hang Seng Index gained 0.7 per cent and the FTSE Bursa Malaysia KLCI rose 0.9 per cent. Meanwhile, Japan's Nikkei 225 lost 0.1 per cent and South Korea's Kospi Composite Index slipped 0.2 per cent. Markets have been very resilient this year despite tariff shocks, inflation fears and geopolitical concerns, said Mr Vasu Menon, managing director of investment strategy at OCBC Bank. While these events caused brief sell-offs, stock prices rebounded afterwards, and the snapbacks have been relatively fast and sharp, he noted. 'What's going for markets is a lot of idle liquidity on the sidelines that could provide market support, should there be sharp pullbacks,' Mr Menon said. 'This means that such pullbacks will offer an opportunity to buy or accumulate, rather than a reason to run for cover.' On the STI, Yangzijiang Shipbuilding was the biggest decliner, falling 2.2 per cent to $2.20. Thai Beverage was the top gainer, rising 2.3 per cent to $0.455. The local banks ended mixed. DBS Bank fell 0.1 per cent to $43.86, UOB lost 0.4 per cent to $34.75, while OCBC rose 0.3 per cent to $15.94. THE BUSINESS TIMES Join ST's Telegram channel and get the latest breaking news delivered to you.
Business Times
23-06-2025
- Business
- Business Times
Singapore stocks fall amid mixed regional trading following US strikes on Iran
[SINGAPORE] Local stocks ended lower on Monday (Jun 23) amid a mixed trading session in the region, after the US launched strikes on three of Iran's nuclear facilities over the weekend. The benchmark Straits Times Index (STI) fell 0.1 per cent or 4.17 points to 3,879.26. Across the broader market, losers beat gainers 269 to 217, after 1.2 billion securities worth S$1.3 billion changed hands. Across the region, key indices were mixed. Hong Kong's Hang Seng Index gained 0.7 per cent and the FTSE Bursa Malaysia KLCI rose 0.9 per cent. Meanwhile, Japan's Nikkei 225 lost 0.1 per cent and South Korea's Kospi Composite Index slipped 0.2 per cent. Markets have been very resilient this year despite tariff shocks, inflation fears and geopolitical concerns, said Vasu Menon, managing director of investment strategy at OCBC. While these events caused brief sell-offs, stock prices rebounded afterwards, and the snapbacks have been relatively fast and sharp, he noted. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up 'What's going for markets is a lot of idle liquidity on the sidelines that could provide market support, should there be sharp pullbacks,' Menon said. 'This means that such pullbacks will offer an opportunity to buy or accumulate, rather than a reason to run for cover.' On the STI, Yangzijiang Shipbuilding was the biggest decliner, falling 2.2 per cent to S$2.20. Thai Beverage was the top gainer, rising 2.3 per cent to S$0.455. The local banks ended mixed. DBS fell 0.1 per cent to S$43.86, UOB lost 0.4 per cent to S$34.75, while OCBC rose 0.3 per cent to S$15.94.
CNA
02-06-2025
- Business
- CNA
CNA938 Rewind - Stock take today: Tech is back, bullish EM currencies, US week ahead
CNA938 Rewind On the daily markets analysis on Open For Business, Andrea Heng and Susan Ng speak with Vasu Menon, Managing Director, Investment Strategy, Wealth Management Singapore, OCBC Bank.
