Date 19 May 25 (Mon) : My Commentaries published in ZaoBao dated 19 May 2025
- Ada Tam Ying Ying
- May 19
- 1 min read
Updated: May 26
Click right to translate in English https://www.zaobao.com.sg/finance/singapore/story20250519-6417844
Personal remark : It's not difficult for STI to climb back above 3900 - 4000 again with the recent outperform Q1 earnings results. But what worries many global investors and fund managers most, is that many profit guidances are on hold by companies due to the macro uncertainties.
The inflow of foreign funds are getting unstable now with the increasing volatility in the current global market situation. My 2 cents worth is that, we need to grow our pools of trade partners and clinch more deals with other non-US counterparts in order to cushion the negative impact brought by the US tariff.
With the latest Moody's downgrades US credit rating, US will face another challenges in coming months on its debt limit. To add salt to the wound, China recently reduced its US Treasury stockpile, and move back to the 3rd place among foreign holders.
Today, USD weakens against a basket of Asia currencie, may eventually harm the exportation of the Asian counterparts. And Gold rebounded today again, and this upside may last for 1-2 weeks again before June.
US Treasury secretary urges Congress to raise debt limit by mid-July
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