FSMOne's research and portfolio management research analyst Hu You said in an interview with Lianhe Zaobao that strong U.S. economic data, including a decrease in the number of first-time unemployment claims and a higher-than-expected increase in retail sales in June, boosted global stock markets.
The stock markets in Tokyo and Seoul failed to catch up with this wave of upswing, falling 0.21% and 0.13% respectively.
Looking ahead to the next week, Hu You believes that if the performance of large American companies is better than expected and further drives investment sentiment, the U.S. index is expected to continue to rise. However, the tariff collection period on August 1 is close, and investors should be cautious and let the rise be moderate.
In the Asia-Pacific stock market, Hong Kong stock market led the market, up 1.33%; followed by Sydney and Taiwan stock markets, up 1.30% and 1.17% respectively.
Bootten by global optimism, most Asia-Pacific stock markets rose on Friday (July 18), and the Singapore Straits Times index also continued to rise, rising 0.67% or 28.07 points to a record high of 4189.50 points.
The Singapore stock market's trading volume was 2.19 billion shares throughout the day, with a total transaction volume of 1.57 billion yuan. There were 430 stocks rising and 147 stocks falling.
There were 21 stocks in the Seatrium stocks rising, with Seatrium being the best, rising 5.78% to 2.38 yuan; four stocks fell, and Hongkong Land fell the most, reaching 1.11%, closing at US$6.25; the remaining five stocks did not rise or fall.
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