Singapore stocks dropped at the opening bell today, after geopolitical tensions in the Middle East left Wall Street and European markets in a sea of red. But it recouped its losses to end the day 0.3 per cent higher. So what’s been driving the STI this week? 

Meanwhile, fears about the Middle East crisis are growing with investors awaiting Israel’s response to Iran’s missile attack. But are reactions in the oil market subdued? If our oil supplies are disrupted - how high could oil prices go? 

Additionally, on the equities front, Chinese stocks in Hong Kong are back to rallying after a one-day dip, with investors pinning hopes that data on the nation’s holiday spending will provide more impetus for the market. Are consumer stocks leading the rally here? Will Mainland Chinese stocks follow suit after markets reopen next week?

On Market View, Hongbin Jeong speaks to Sunny Soh Lead Technical Analyst (Capital Markets & Investor Education), SIAS, to find out more about the latest market movements.