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2021-05-14

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Singapore stocks tumble as strict virus curbs return

Singapore shares record worst day in nearly a year Taiwan stocks clock worst week in over a year Phi

Singapore stocks tumble as strict virus curbs return

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😂","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/198786947","repostId":1150860680,"repostType":4,"repost":{"id":"1150860680","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1620980421,"share":"https://www.laohu8.com/m/news/1150860680?lang=&edition=full","pubTime":"2021-05-14 16:20","market":"sg","language":"en","title":"Singapore stocks tumble as strict virus curbs return","url":"https://stock-news.laohu8.com/highlight/detail?id=1150860680","media":"Reuters","summary":"Singapore shares record worst day in nearly a year\nTaiwan stocks clock worst week in over a year\nPhi","content":"<ul>\n <li>Singapore shares record worst day in nearly a year</li>\n <li>Taiwan stocks clock worst week in over a year</li>\n <li>Philippine shares reverse losses from six-month lows</li>\n</ul>\n<p>By Soumyajit Saha</p>\n<p>May 14 (Reuters) - Singapore stocks tumbled more than 3% on&nbsp;Friday after the city-state's imposition of the strictest&nbsp;COVID-19 curbs since last year stoked worries of a potential&nbsp;unravelling of its nascent recovery.</p>\n<p>Most Asian stocks, however, strengthened on reassurances&nbsp;from the U.S. Federal Reserve that a spike in inflation was&nbsp;temporary, with China and South Korea shares&nbsp;advancing 1.7% and 1.1%, respectively.</p>\n<p>Singapore stocks marked their worst session in nearly&nbsp;a year and the dollar fell 0.2% as the city-state&nbsp;tightened restrictions on social gatherings and public&nbsp;activities amid a rise in locally acquired infections.</p>\n<p>The Asian trade and financial hub had been reporting almost&nbsp;zero or single-digit daily local infections for months, before a&nbsp;recent rise.</p>\n<p>Losses were driven by a 7% slump in flag carrier Singapore&nbsp;Airlines and a 4% drop in in-flight caterer SATS Ltd.</p>\n<p>\"Quick reopening hopes have been dashed, especially for the&nbsp;travel and leisure sectors,\" Bank of Singapore analyst Moh Siong&nbsp;Sim said.</p>\n<p>\"Manufacturing should hold up as has been the case over thepast year.\" </p>\n<p>Taiwan shares rose 1% to snap four sessions of&nbsp;losses after Premier Su Tseng-chang said the COVID-19 alert&nbsp;level would not be raised and that there were enough resources&nbsp;to fight the pandemic.</p>\n<p>The bourse though registered its worst week in over a year&nbsp;as it lost more than 8%, amid tighter curbs in public places&nbsp;forced by a rare and unexpected rise in COVID cases. </p>\n<p>Philippine shares reversed losses to rise 0.5% as&nbsp;market participants picked up beaten-down stocks, an analyst&nbsp;said, after dropping as much as 2.5% to six-month lows earlier&nbsp;in the session.</p>\n<p>Chinese yuan firmed 0.3% to lead gains among Asian currencies as the dollar weakened, with investors&nbsp;assessing the risk of U.S. inflation rising faster than&nbsp;expected.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore stocks tumble as strict virus curbs return</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSingapore stocks tumble as strict virus curbs return\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-05-14 16:20</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<ul>\n <li>Singapore shares record worst day in nearly a year</li>\n <li>Taiwan stocks clock worst week in over a year</li>\n <li>Philippine shares reverse losses from six-month lows</li>\n</ul>\n<p>By Soumyajit Saha</p>\n<p>May 14 (Reuters) - Singapore stocks tumbled more than 3% on&nbsp;Friday after the city-state's imposition of the strictest&nbsp;COVID-19 curbs since last year stoked worries of a potential&nbsp;unravelling of its nascent recovery.</p>\n<p>Most Asian stocks, however, strengthened on reassurances&nbsp;from the U.S. Federal Reserve that a spike in inflation was&nbsp;temporary, with China and South Korea shares&nbsp;advancing 1.7% and 1.1%, respectively.</p>\n<p>Singapore stocks marked their worst session in nearly&nbsp;a year and the dollar fell 0.2% as the city-state&nbsp;tightened restrictions on social gatherings and public&nbsp;activities amid a rise in locally acquired infections.</p>\n<p>The Asian trade and financial hub had been reporting almost&nbsp;zero or single-digit daily local infections for months, before a&nbsp;recent rise.</p>\n<p>Losses were driven by a 7% slump in flag carrier Singapore&nbsp;Airlines and a 4% drop in in-flight caterer SATS Ltd.</p>\n<p>\"Quick reopening hopes have been dashed, especially for the&nbsp;travel and leisure sectors,\" Bank of Singapore analyst Moh Siong&nbsp;Sim said.</p>\n<p>\"Manufacturing should hold up as has been the case over thepast year.\" </p>\n<p>Taiwan shares rose 1% to snap four sessions of&nbsp;losses after Premier Su Tseng-chang said the COVID-19 alert&nbsp;level would not be raised and that there were enough resources&nbsp;to fight the pandemic.</p>\n<p>The bourse though registered its worst week in over a year&nbsp;as it lost more than 8%, amid tighter curbs in public places&nbsp;forced by a rare and unexpected rise in COVID cases. </p>\n<p>Philippine shares reversed losses to rise 0.5% as&nbsp;market participants picked up beaten-down stocks, an analyst&nbsp;said, after dropping as much as 2.5% to six-month lows earlier&nbsp;in the session.</p>\n<p>Chinese yuan firmed 0.3% to lead gains among Asian currencies as the dollar weakened, with investors&nbsp;assessing the risk of U.S. inflation rising faster than&nbsp;expected.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"STI.SI":"富时新加坡海峡指数"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1150860680","content_text":"Singapore shares record worst day in nearly a year\nTaiwan stocks clock worst week in over a year\nPhilippine shares reverse losses from six-month lows\n\nBy Soumyajit Saha\nMay 14 (Reuters) - Singapore stocks tumbled more than 3% on Friday after the city-state's imposition of the strictest COVID-19 curbs since last year stoked worries of a potential unravelling of its nascent recovery.\nMost Asian stocks, however, strengthened on reassurances from the U.S. Federal Reserve that a spike in inflation was temporary, with China and South Korea shares advancing 1.7% and 1.1%, respectively.\nSingapore stocks marked their worst session in nearly a year and the dollar fell 0.2% as the city-state tightened restrictions on social gatherings and public activities amid a rise in locally acquired infections.\nThe Asian trade and financial hub had been reporting almost zero or single-digit daily local infections for months, before a recent rise.\nLosses were driven by a 7% slump in flag carrier Singapore Airlines and a 4% drop in in-flight caterer SATS Ltd.\n\"Quick reopening hopes have been dashed, especially for the travel and leisure sectors,\" Bank of Singapore analyst Moh Siong Sim said.\n\"Manufacturing should hold up as has been the case over thepast year.\" \nTaiwan shares rose 1% to snap four sessions of losses after Premier Su Tseng-chang said the COVID-19 alert level would not be raised and that there were enough resources to fight the pandemic.\nThe bourse though registered its worst week in over a year as it lost more than 8%, amid tighter curbs in public places forced by a rare and unexpected rise in COVID cases. \nPhilippine shares reversed losses to rise 0.5% as market participants picked up beaten-down stocks, an analyst said, after dropping as much as 2.5% to six-month lows earlier in the session.\nChinese yuan firmed 0.3% to lead gains among Asian currencies as the dollar weakened, with investors assessing the risk of U.S. inflation rising faster than expected.","news_type":1},"isVote":1,"tweetType":1,"viewCount":40,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":15,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}