Express News | The FTSE Singapore Straits Index closed down 1.58%, and YZJ Shipbldg SGD fell more than 3%.
Express News | The FTSE Singapore Straits Index closed down 0.63%, AEM SGD fell more than 6%.
Nomura's Global Macro Research Director: The Federal Reserve will only cut interest rates once in 2025, and it is even possible that there may be a rate increase?
Is the interest rate cut no longer happening.
Express News | Singapore stock market closing: The FTSE Singapore Straits Index rose over 1.5%, with YZJ Shipbldg SGD and OCBC Bank increasing over 4%.
DBS shares reach S$45 for the first time
What happened? Global chip stocks have collectively surged, with NVIDIA and Taiwan Semiconductor both reaching new closing highs.
NVIDIA's intraday stock price has broken through $150 for the first time since last November, with semiconductor stocks in Asia, Europe, and the USA seeing a broad rise. The demand for AI stimulated Foxconn's revenue to reach a record high in the fourth quarter of last year, becoming the main driver for leading chip stocks. At the same time, Microsoft and OpenAI have both released bullish signals for AI demand, and the market is also looking forward to Jensen Huang's significant speech on Monday, which has boosted sentiment.