Singapore equities gained support as strong earnings from major banks and corporates reinforced confidence in the domestic economy, lifting the FTSE Straits Times Index to new highs. In the U.S., SpaceX absorbed a large insider share unlock with resilient demand, highlighting strong retail participation despite potential dilution. Elsewhere, weakness in storage-related stocks and lower oil prices reflected ongoing sector rotation and shifting expectations around technology spending and global growth.

LongPort - Captain's Watch
Captain's Watch

☕️ [Task Coins Giveaway] Daily Market Talk — STI Hits Fresh Highs as SpaceX Shrugs Off $100B Share Unlock

Singapore's banks delivered a clean sweep this week: DBS, SGX and Venture Corp all beat, then OCBC and UOB followed with strong earnings of their own, sending $FTSE Straits Times Index(STI.SG) to fres...

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