Singapore equities closed in the green today, continuing their rally after global markets booked strong gains overnight. Our trio of banks also swell to almost half of ST Index after a recent run-up. So what’s driving this rally? And can the banks rise even further in the coming weeks? 

Meanwhile, in global markets, the red-hot Washington debate over whether US President Joe Biden will scrap his run for re-election is spilling into Wall Street, where traders are shifting money to and from the US dollar, Treasuries and other assets that would be impacted by Donald Trump’s return to office.

So what will it mean for markets if Joe Biden withdraws for this year’s election? 

To find out more, Hongbin Jeong speaks to Terence Wong, CEO Azure Capital, on Market View