Broker Name: OCBC Investment Research
Date of Report: 13 October 2025
Excerpt from OCBC Investment Research report.
Report Summary
- US and global financial markets declined sharply after President Donald Trump threatened a massive increase in tariffs on Chinese imports, leading to the worst stock selloff in six months. Technology stocks led the losses, while consumer staples like PepsiCo gained.
- China responded with warnings of retaliatory measures, escalating trade tensions which weighed on investor sentiment worldwide. Key indices in the US, Europe, and Asia all posted significant losses, with volatility rising notably.
- Concerns over a potential bubble in artificial intelligence stocks contributed to further uncertainty and market stress, with the Cboe Volatility Index surging.
- Singapore’s Straits Times Index and major Asian benchmarks also declined, reflecting global risk aversion and profit-taking after strong equity performance earlier in the year.
- OCBC Investment Research provided updated ratings and fair values on major Singapore and Hong Kong-listed companies, with a focus on sectors like banking, technology, real estate, and resources.
- The report highlights that their fundamental views and ratings are medium-term calls over a 12-month horizon, and includes important disclaimers regarding investment suitability and conflicts of interest.
Above is an excerpt from a report by OCBC Investment Research. Clients of OCBC Investment Research can be the first to access the full report from the OCBC Investment Research website: https://www.ocbc.com/personal-banking/investments/investment-research
