Current Straits Times Index correction against previous ones

3M chart of Straits Times Index from July 1992 – March 2020

Observations:

  • First from the left, Asian Financial Crisis
  • Tech Bubble; incidentally this bottom coincides with outbreak of SARS
  • Great Financial Crisis, Subprime Crisis, Lehman Brothers…
  • If history repeats, this current one is going to be one of those in the 50-60% range of correction
Straits Times Index component stocks Week 12 2020 performance
  • Top performers Yangzijiang Shipbuilding, SGX and Dairy Farm
  • Top losers Jardine C&C, Capitamall and Mapletree Logistrics
  • 22 stocks out of 30 are now printing new 52-week lows
  • YTD SGX is top performer
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