SINGAPORE (July 16): Just the day before The Edge Singa-pore’s 2018 mid-year invest-ment forum took place on the morning of July 7, local property and banking stocks saw a bloodbath. This came after the government made a late July 5 announcement of additional property cooling measures, which became effective the very next day. As a result, the Straits Times Index, which comprised largely property and banking constituents, plunged 2% to close at a 12-month low of 3,191.82 points on July 6. The STI has since rebounded 1.9% to 3,253.01 points on July 12, but it is down 4.4% year-to-date.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.

Bonus:

  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply

Subscribe