Dow Jones fell 1,153 points

US stocks suffered a broad selloff as investors worried that the Federal Reserve may be falling behind in its fight against inflation after keeping interest rates unchanged. The Dow Jones fell 1,153 points (2.19%), its biggest one-day decline since April 2025, while the S&P 500 dropped 1.52% and the Nasdaq Composite lost 1.74%, leaving it more than 10% below its all-time high.

The bond market reacted sharply, with the 10-year Treasury yield rising above 4.67% and the 30-year yield climbing above 5.2%, its highest level since 2007, signalling investors doubt the Fed’s commitment to controlling inflation. Three Fed officials voted for a rate hike, but Chairman Kevin Warsh maintained that the Fed remains ready to act if needed.

Inflation concerns were further fuelled by a surge in oil prices after renewed Middle East tensions. WTI crude jumped more than 6% to US$84.46 per barrel, while semiconductor stocks extended their rout, with the SOXX ETF falling 5.5% for a fifth consecutive session. AI-related chipmakers including Micron (-10%), KLA (-10%), and AMD (-5.5%) came under heavy pressure as investors questioned the returns from massive AI spending.

Despite the short-term volatility, some strategists, including Morgan Stanley and Truist, believe the long-term outlook for equities and AI remains positive, viewing the recent pullback as a potential buying opportunity rather than the start of a prolonged downturn.

South Korea’s government convened an emergency meeting of its top financial authorities after a severe stock market rout wiped billions off investor wealth. The Kospi has fallen about 40% from its June peak, with the latest selloff intensified by weaker-than-expected SK Hynix earnings, growing doubts over the AI investment boom and heavy retail selling. The decline was severe enough to trigger a market-wide circuit breaker for a second consecutive day.

Much of the political backlash has centred on the introduction of single-stock leveraged ETFs in May, which lawmakers argue amplified market volatility by encouraging speculative trading in a handful of large-cap stocks.

FEHT’s DPS fell 8.4% y-o-y in 1H2026 but core DPS rose by 7.9% y-o-y

Starhill Global REIT’s FY2026 DPU up 0.8% y-o-y to 3.68 cents

EGP Energy wins $1.1 mil contract, brings order book to $302.4 mil

iWOW Technology’s $15 mil placement attracts Amova, Lion Global

Sheng Siong reports earnings of $81 mil for 1HFY2026, up 11.9% y-o-y

Digital Core REIT’s DPU in 1HFY2026 is unchanged y-o-y

Keppel’s revenue for 1HFY2026 was up by a quarter y-o-y to $3.8 billion but net profit attributable to shareholders was down 59% to $154.7 million. Keppel is keeping its interim dividend payout at 15 cents.

Shipping has reported a 20.5% y-o-y dip in net profit to US$33.2 ($42.9) million for 1HFY2026 ended June 30 in a bourse filing on July 29. This represents a 1.6 cent drop in EPS to 6.2 US cents. The company declared an interim dividend of 1.35 cents per share with Aug 13 being the record date and payable on Aug 21.

Sheng Siong Group has reported earnings of $81 million for 1HFY2026 ended June 30, up 11.9% y-o-y. Sheng Siong has declared an interim dividend of 3.75 cents for 1HFY2026, up from 3.2 cents back in 1HFY2025.

CapitaLand India Trust’s 1H2026 DPU rises by 1% y-o-y

Keppel REIT’s 1HFY2026 DPU down 4% y-o-y to 2.61 cents, to divest KR Ginza II at 9.7% above valuation

Singtel Wednesday (Jul 29) said that it was considering a dual listing on Nasdaq and the Singapore Exchange (SGX) for its data centre arm Nxera, as well as listing a data centre real estate investment trust (Reit).

CDL Hospitality Trusts posts 8.6% rise in H1 DPS to S$0.0215

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Dow Jones fell 1,153 points

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Dow Jones Industrial Average futures fell 135 points

The S&P 500 (+0.12%) and Nasdaq (+0.20%) closed at all-time highs, while the Dow slipped slightly (-0.13%).

The Dow Jones Industrial Average rose 1.31%, while the S&P 500 and Nasdaq gained 1.08% and 1.54%, respectively.