Broker Name: OCBC Group Research
Date of tag Report: 13 March 2026
Excerpt from OCBC Group Research report.
- Report Summary
- Global markets declined due to surging oil prices, escalating geopolitical tensions (especially involving Iran), and diminished hopes for interest rate cuts, which led to a more cautious investor sentiment.
- Brent crude oil exceeded \$100 a barrel for the first time since August 2022 as Iran threatened to close the Strait of Hormuz, escalating concerns about prolonged supply disruptions and persistent inflation risks.
- Major US indices closed at their lowest levels of the year, with the Dow Jones, S&P 500, and Nasdaq all dropping over 1.5% amid fears the conflict’s impact will last longer and energy markets will remain tight.
- European and Asian markets also fell, with banks leading declines in Europe and chipmakers in Asia most affected. Singapore’s Straits Times Index was down slightly, with market turnover higher on increased volatility.
- Recent OCBC research focuses on sector opportunities and risks in the current environment, with selected stock recommendations across Singapore and Hong Kong markets.
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
