On The Afternoon Update, Hongbin Jeong is joined by Geoff Howie, Market Strategist at the SGX, for a market wrap of the week. They discuss how the STI performed in the past week; the biggest movers on the STI; the recent decline in Singtel shares; earnings results from the trio of banks and how their shares are faring in response; Singapore's PMI results; and the recent downgrade of the US credit rating from Fitch and its effects.