SINGAPORE - After hitting midweek turbulence, the stock market’s Santa Claus rally resumed on Dec 21 and 22, gathering steam heading into the final week of the year.
While the brief pullback on Dec 20 came on the back of a sharp sell-down on FedEx – often regarded as an economic barometer – after the delivery giant posted disappointing results, some market insiders attributed the dip to algorithmic programmed trading adjustment, which has since run its course.
Already a subscriber? Log in
Read the full story and more at $9.90/month
Get exclusive reports and insights with more than 500 subscriber-only articles every month
ST One Digital
$9.90/month
No contract
ST app access on 1 mobile device
Unlock these benefits
All subscriber-only content on ST app and straitstimes.com
Easy access any time via ST app on 1 mobile device
E-paper with 2-week archive so you won't miss out on content that matters to you
