The real reason Straits times index is falling
Don’t be misled by the media hype of China slowdown, US interest rate rising, oil price falling. Not that they are not important but the real reason STI is falling is because the competitive advantage(moat) is narrower as big companies like the banks face competition from fintech, SGX face competition from new clearing houses and Singtel face competition from new telco player.
Besides that, singapore property market is expected to slump further this and next year, STI(especially the banks and property counter) is reacting to that.
Entry filed under: Watch your step.