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Podcast: The Afternoon Update with Lynlee Foo
Episode: Market View: Will Singapore markets see a 'Santa Claus' rally?
Description: The Straits Times Index finally went on a rally above the 3600 level, notching up a weekly gain of almost 1.9%, in the aftermath of the stimulus measures from China, The “assault” on the 17-year high of 3,906 continues, and if that 3,906 number is taken out, it would be the highest level that the STI has been in 17 years. Dan Chang, Investment Specialist and Trading Representative at PhillipCapital, shares with us more about the velocity of this rally, discusses if breaking the 17-year high is possible and if Singapore markets are set for the end-year 'Santa Claus' rally. ...