Broker Name: OCBC Group Research
Date of Report: 20 January 2026
Excerpt from OCBC Group Research report
- Global equity markets saw sharp declines as fresh trade tensions emerged, led by the US threatening new restrictions on trade with Europe; the Nasdaq fell 2.4%, S&P 500 down 2.1%, and Dow dropped 1.8%.
- Gold surged to a record high above US\$4,700/oz, while volatility climbed, and the US dollar weakened amid “sell America” sentiment and concerns over de-dollarisation.
- In Europe, real estate stocks lagged but overall selloff was limited by robust corporate earnings outlook; LVMH shares slipped on tariff threats.
- In Asia, Japanese markets were rattled by rising bond yields tied to election uncertainty, spilling over to other global markets.
- Singapore’s Straits Times Index was relatively flat (-0.1%), with REITs and real estate sectors outperforming. Trading volumes and turnover rose sharply.
- Recent OCBC research highlights include positive views on Singapore mid-cap equities, select property stocks, and REITs, with a focus on medium-term opportunities.
Report Summary
- Major global indices dropped on renewed US-EU trade tensions and uncertainty, with a flight to gold and higher volatility.
- Singapore’s market was resilient, led by REITs and real estate, and OCBC remains constructive on select equities and sectors with medium-term growth potential.
Above is an excerpt from a report by OCBC Group Research. Clients of OCBC Group Research can be the first to access the full report from the OCBC website: https://www.ocbc.com
