Daily Morning Note | 17 January 2022
Singapore shares displayed remarkable resilience on Friday, defying losses across most major regional bourses, which were rattled by hawkish "Fed speak" and a tepid overnight session in Wall Street. The key Straits Times Index jumped 24.67 points or 0.76 per cent to 3,281.97, pushing through its 2021 high of 3,273.54.
The Dow closed lower on Friday (Jan 14) with a big drag from financial stocks as investors were disappointed by fourth quarter results from big US banks, which cast a shadow over the earnings season kick-off. The Nasdaq and the S&P regained lost ground in afternoon trading to…
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