Broker: OCBC Investment Research
Date of Report: 5 November 2025
Excerpt from OCBC Investment Research report.

• Report Summary
• Global markets experienced a pullback, led by declines in technology stocks due to concerns over high valuations and narrow market leadership. Defensive sectors such as healthcare and consumer staples outperformed while major indices like the Nasdaq and S&P 500 saw notable drops.
• Despite continued enthusiasm for artificial intelligence, elevated risk levels and sustainability concerns persist as only a handful of stocks drive the rally. In Asia and Europe, markets also retreated, particularly in tech and mining sectors, amid profit-taking and uncertain central bank policies.
• Singapore’s Straits Times Index declined, with REITs and real estate stocks underperforming, while trading volume and turnover increased. Key Singapore blue chips and REITs remain under close watch with a mix of Buy and Hold recommendations from OCBC.

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/research-publications