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Time Out Singapore
Time Out Singapore | Singapore Events, Attractions & Things To Do
Singapore’s guide to restaurants, bars, theatre, movies, shopping, events, activities, things to do, music, clubs, dance & nightlife
#HKMarketUpdate
China stocks rebound but fall for second week; Hong Kong shares up
May 22, 2026, 16:44 GMT+8
China stocks bounced on Friday but logged a second consecutive week of declines as soaring tech shares face growing profit-taking pressure.
The Hong Kong market rose as Lenovo Group's forecast-smashing results boosted sentiment.
** China's blue-chip CSI300 Index 3399300 ended the session up 1.3%, but was down 0.3% for the week.
** The Shanghai Composite Index 000001, which on Thursday logged its biggest drop since March, rebounded 0.9%.
** In Hong Kong, benchmark Hang Seng HSI advanced nearly 1%, led by tech shares HHSTECH as Lenovo 80992 surged 20% to its highest level in 26 years.
** China stocks have been climbing this year as AI-led optimism helps overcome investor worries about the broader economy.
** BNP Paribas said there's a dramatic improvement in earnings expectations in China and some other Asian economies, but "this is, however, not a broad-based story but one nearly entirely driven by the tech super-cycle."
** The bank warned that "any reversal of the (tech) cycle will create a material headwind to regional equities," but "in the near-term, it remains the only story."
** Goldman Sachs also painted a picture of a bifurcated Chinese economy where the red-hot tech sector contrasts with ailing "old economy" industries.
** "The ongoing Middle East conflict and higher energy prices have negatively impacted the Chinese economy," Goldman Sachs said in a note. However, "the Chinese economy has so far been more flexible than expected in adapting to higher oil prices."
** The Wall Street bank said investors should closely monitor Chinese exports, which have been a key growth engine. It added that "there have been some encouraging signs from the property market in top-tier cities."
** Tech shares rebounded sharply from Thursday's fall.
** Shenzhen start-up board ChiNext (.CHINEXTC) and the CSI Electronics Index (.CSI399811) jumped.
** In Hong Kong, the Hang Seng Tech Index HHSTECH climbed, while an index tracking chipmakers (.HSIT) jumped.
https://www.tradingview.com/news/reuters.com,2026:newsml_L6N41Z0IF:0-china-stocks-rebound-but-fall-for-second-week-hong-kong-shares-up/
China stocks rebound but fall for second week; Hong Kong shares up
May 22, 2026, 16:44 GMT+8
China stocks bounced on Friday but logged a second consecutive week of declines as soaring tech shares face growing profit-taking pressure.
The Hong Kong market rose as Lenovo Group's forecast-smashing results boosted sentiment.
** China's blue-chip CSI300 Index 3399300 ended the session up 1.3%, but was down 0.3% for the week.
** The Shanghai Composite Index 000001, which on Thursday logged its biggest drop since March, rebounded 0.9%.
** In Hong Kong, benchmark Hang Seng HSI advanced nearly 1%, led by tech shares HHSTECH as Lenovo 80992 surged 20% to its highest level in 26 years.
** China stocks have been climbing this year as AI-led optimism helps overcome investor worries about the broader economy.
** BNP Paribas said there's a dramatic improvement in earnings expectations in China and some other Asian economies, but "this is, however, not a broad-based story but one nearly entirely driven by the tech super-cycle."
** The bank warned that "any reversal of the (tech) cycle will create a material headwind to regional equities," but "in the near-term, it remains the only story."
** Goldman Sachs also painted a picture of a bifurcated Chinese economy where the red-hot tech sector contrasts with ailing "old economy" industries.
** "The ongoing Middle East conflict and higher energy prices have negatively impacted the Chinese economy," Goldman Sachs said in a note. However, "the Chinese economy has so far been more flexible than expected in adapting to higher oil prices."
** The Wall Street bank said investors should closely monitor Chinese exports, which have been a key growth engine. It added that "there have been some encouraging signs from the property market in top-tier cities."
** Tech shares rebounded sharply from Thursday's fall.
** Shenzhen start-up board ChiNext (.CHINEXTC) and the CSI Electronics Index (.CSI399811) jumped.
** In Hong Kong, the Hang Seng Tech Index HHSTECH climbed, while an index tracking chipmakers (.HSIT) jumped.
https://www.tradingview.com/news/reuters.com,2026:newsml_L6N41Z0IF:0-china-stocks-rebound-but-fall-for-second-week-hong-kong-shares-up/
TradingView
China stocks rebound but fall for second week; Hong Kong shares up
China stocks bounced on Friday but logged a second consecutive week of declines as soaring tech shares face growing profit-taking pressure. The Hong Kong market rose as Lenovo Group's forecast-smashing results boosted sentiment.** China's blue-chip CSI300…
Singapore stocks close higher amid cautious Middle East outlook; STI up 0.4%
https://www.businesstimes.com.sg/companies-markets/singapore-stocks-close-higher-amid-cautious-middle-east-outlook-sti-0-4
https://www.businesstimes.com.sg/companies-markets/singapore-stocks-close-higher-amid-cautious-middle-east-outlook-sti-0-4
The Business Times
Singapore stocks close higher amid cautious Middle East outlook; STI up 0.4%
Keppel leads the gainers on the blue-chip index Read more at The Business Times.
The Hour Glass H2 profit jumps 39% to S$103.8 million on higher sales
https://www.businesstimes.com.sg/companies-markets/hour-glass-h2-profit-jumps-39-s103-8-million-higher-sales
https://www.businesstimes.com.sg/companies-markets/hour-glass-h2-profit-jumps-39-s103-8-million-higher-sales
The Business Times
The Hour Glass H2 profit jumps 39% to S$103.8 million on higher sales
Its full-year earnings are up 32% at S$179.4 million Read more at The Business Times.
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Earnings miss, downside risks weigh on Singtel shares, but RHB sees ‘re-entry opportunity’ https://bt.sg/yFeb
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Stocks making the biggest moves premarket: IMAX, Merck, Estee Lauder & more
https://www.cnbc.com/2026/05/22/stocks-making-the-biggest-moves-premarket-imax-mrk-el-and-more.html?__source=androidappshare
https://www.cnbc.com/2026/05/22/stocks-making-the-biggest-moves-premarket-imax-mrk-el-and-more.html?__source=androidappshare
CNBC
Stocks making the biggest moves premarket: IMAX, Merck, Estee Lauder & more
These are the stocks posting the largest moves premarket.
Stellantis' turnaround plan, prediction market regulation and more: Morning Squawk
https://www.cnbc.com/2026/05/22/5-thing-to-know-before-the-market-opens.html?__source=androidappshare
https://www.cnbc.com/2026/05/22/5-thing-to-know-before-the-market-opens.html?__source=androidappshare
CNBC
Stellantis' turnaround plan, prediction market regulation, Oura's IPO filing and more in Morning Squawk
Here are five key things investors need to know to start the trading day.
#USMarketUpdate
Dow adds nearly 300 points Friday for new record close; S&P 500 notches eighth winning week: Live updates
Stocks rose Friday as Treasury yields eased, resulting in a winning week for Wall Street despite heightened volatility.
The Dow Jones Industrial Average gained 294.04 points, or 0.58%, to end at 50,579.70.
The 30-stock index hit an intraday all-time high and posted another record close. The S&P 500 rose 0.37% to settle at 7,473.47. The Nasdaq Composite climbed 0.19%, ending at 26,343.97.
Although all three indexes closed in the green on Friday, they finished off their highs reached earlier in the session.
https://www.cnbc.com/2026/05/21/stock-market-today-live-updates.html?__source=androidappshare
Dow adds nearly 300 points Friday for new record close; S&P 500 notches eighth winning week: Live updates
Stocks rose Friday as Treasury yields eased, resulting in a winning week for Wall Street despite heightened volatility.
The Dow Jones Industrial Average gained 294.04 points, or 0.58%, to end at 50,579.70.
The 30-stock index hit an intraday all-time high and posted another record close. The S&P 500 rose 0.37% to settle at 7,473.47. The Nasdaq Composite climbed 0.19%, ending at 26,343.97.
Although all three indexes closed in the green on Friday, they finished off their highs reached earlier in the session.
https://www.cnbc.com/2026/05/21/stock-market-today-live-updates.html?__source=androidappshare
CNBC
Stock futures rise slightly as S&P 500 looks toward another winning week: Live updates
Volatility picked up this week as investors wrestled with a sharp rise in long-term Treasury yields.
IBM just scored a $26B quantum windfall — and the stock's rally isn't over
IBM stock surged over 11% on Thursday following a landmark announcement by the US Commerce Department detailing a $2 billion CHIPS and Science Act initiative to fund domestic quantum computing firms.
https://finance.yahoo.com/markets/stocks/article/ibm-just-scored-a-26-billion-quantum-windfall--and-the-stocks-rally-isnt-over-112221471.html
IBM stock surged over 11% on Thursday following a landmark announcement by the US Commerce Department detailing a $2 billion CHIPS and Science Act initiative to fund domestic quantum computing firms.
https://finance.yahoo.com/markets/stocks/article/ibm-just-scored-a-26-billion-quantum-windfall--and-the-stocks-rally-isnt-over-112221471.html
Yahoo Finance
IBM just scored a $26 billion quantum windfall — and the stock's rally isn't over
IBM stock surged over 11% on Thursday following a landmark announcement by the US Commerce Department detailing a $2 billion CHIPS and Science Act initiative to fund domestic quantum computing firms.
How CEOs are framing AI-driven layoffs
https://finance.yahoo.com/sectors/technology/article/not-a-cost-cutting-exercise-how-tech-ceos-are-framing-ai-driven-layoffs-100000306.html
https://finance.yahoo.com/sectors/technology/article/not-a-cost-cutting-exercise-how-tech-ceos-are-framing-ai-driven-layoffs-100000306.html
Yahoo Finance
'Not a cost-cutting exercise': How tech CEOs are framing AI-driven layoffs
Layoff notifications have long included wording about tough decisions in challenging times. Now, they're also increasingly nodding at how automation is reshaping workforces and companies' priorities.
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Walmart stock just violated a key technical level
https://finance.yahoo.com/markets/stocks/article/walmart-stock-just-violated-a-key-technical-level-delivering-a-blow-to-the-bulls-120335770.html
https://vt.tiktok.com/ZSx9gcD1F/
https://finance.yahoo.com/markets/stocks/article/walmart-stock-just-violated-a-key-technical-level-delivering-a-blow-to-the-bulls-120335770.html
https://vt.tiktok.com/ZSx9gcD1F/
Yahoo Finance
Walmart stock just violated a key technical level, delivering a blow to the bulls
Walmart just hit a technical hurdle.
Cybersecurity stocks are hitting records again as chips play catch-up: Chart of the Day
https://finance.yahoo.com/markets/article/cybersecurity-stocks-are-hitting-records-again-as-chips-play-catch-up-chart-of-the-day-130252672.html
https://finance.yahoo.com/markets/article/cybersecurity-stocks-are-hitting-records-again-as-chips-play-catch-up-chart-of-the-day-130252672.html
Yahoo Finance
Cybersecurity stocks are hitting records again as chips play catch-up: Chart of the Day
The bull market still runs on chips, but cybersecurity has stolen the spotlight in May.
BofA’s Hartnett Warns Mega-IPOs Risk Bubble Like Roaring ‘20s
https://finance.yahoo.com/markets/stocks/articles/bofa-hartnett-warns-mega-ipos-124137913.html
https://finance.yahoo.com/markets/stocks/articles/bofa-hartnett-warns-mega-ipos-124137913.html
Yahoo Finance
BofA’s Hartnett Warns Mega-IPOs Risk Bubble Like Roaring ‘20s
(Bloomberg) -- Mega IPOs like those eyed by SpaceX and OpenAI threaten to push the weighting of tech in equity benchmarks beyond market-bubble levels of concentration, according to Bank of America Corp. strategist Michael Hartnett.Most Read from BloombergBungie…
Evening Update: Today’s headlines from The Straits Times on May 22, 2026
Simba-M1 merger is off, but industry consolidation will come
From digital vouchers to shopping complex revamp, Johor looks for inspiration
NDP 2026: Ticket applications open from May 23 to June 6
Could a digital home gym replace your gym membership?
Woman wins appeal against ex-boyfriend to keep 99% stake in 99-1 condo purchase dispute
Segar LRT death: LTA probe ongoing, will improve safety measures ‘as needed’
Koh Poh Koon to step down from public office, will remain as MP for Tampines GRC
https://str.sg/7zV6L
https://vt.tiktok.com/ZSxfLjF27/
Simba-M1 merger is off, but industry consolidation will come
From digital vouchers to shopping complex revamp, Johor looks for inspiration
NDP 2026: Ticket applications open from May 23 to June 6
Could a digital home gym replace your gym membership?
Woman wins appeal against ex-boyfriend to keep 99% stake in 99-1 condo purchase dispute
Segar LRT death: LTA probe ongoing, will improve safety measures ‘as needed’
Koh Poh Koon to step down from public office, will remain as MP for Tampines GRC
https://str.sg/7zV6L
https://vt.tiktok.com/ZSxfLjF27/
The Straits Times
Evening Update: Today’s headlines from The Straits Times on May 22, 2026
You are reading the Evening Update newsletter. Get up to speed with the important stories from the day. Subscribe to our newsletter. Read more at straitstimes.com.
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#USMarketUpdate
Stock market today: S&P 500 notches longest weekly win streak since 2023, Dow climbs to record high
Live updates
US stocks rose on Friday morning as the world awaited an update on US-Iran peace talks.
The S&P 500 (^GSPC) gained 0.4%, and the Dow Jones Industrial Average (^DJI) rose another 0.6% after reaching an all-time high on Thursday. The tech-heavy Nasdaq Composite (^IXIC) climbed 0.2%.
The S&P 500 notched its eighth straight weekly win, securing the index’s longest weekly winning streak since 2023.
https://finance.yahoo.com/markets/live/stock-market-today-dow-sp-500-nasdaq-advance-as-tech-stocks-gain-investors-monitor-us-iran-talks-223454059.html
Stock market today: S&P 500 notches longest weekly win streak since 2023, Dow climbs to record high
Live updates
US stocks rose on Friday morning as the world awaited an update on US-Iran peace talks.
The S&P 500 (^GSPC) gained 0.4%, and the Dow Jones Industrial Average (^DJI) rose another 0.6% after reaching an all-time high on Thursday. The tech-heavy Nasdaq Composite (^IXIC) climbed 0.2%.
The S&P 500 notched its eighth straight weekly win, securing the index’s longest weekly winning streak since 2023.
https://finance.yahoo.com/markets/live/stock-market-today-dow-sp-500-nasdaq-advance-as-tech-stocks-gain-investors-monitor-us-iran-talks-223454059.html
Yahoo Finance
Stock market today: S&P 500 notches longest weekly win streak since 2023, Dow climbs to record high
The S&P 500 is vying for the index's longest weekly winning streak since 2023.
#USMarketUpdate
Wall Street rises, Dow hits record high as Middle East hopes lift sentiment | Reuters
SUMMARY
PC makers Dell, HP surge after Lenovo reports revenue jump
Estée Lauder climbs after ending merger talks with Puig
Kevin Warsh sworn in as Fed chair
S&P 500 notches 8th weekly gain, longest streak since December 2023
Indexes up: Dow 0.86%, S&P 500 0.62%, Nasdaq 0.50%
NEW YORK, May 22 (Reuters) - U.S. stocks rose on Friday, with the Dow reaching a record closing high, as investors cheered signs of progress in talks to end the Middle East conflict and a strong corporate earnings season.
The S&P 500 (.SPX), opens new tab notched its eighth consecutive weekly gain, its longest since a nine-week streak ended in December 2023.
The U.S. has made some progress toward a deal with Iran, though more work remains, Secretary of State Marco Rubio said on Friday. Iran’s foreign ministry spokesman said differences between the two sides remained deep.
https://www.reuters.com/business/wall-st-futures-rise-markets-monitor-us-iran-peace-talks-2026-05-22/
Wall Street rises, Dow hits record high as Middle East hopes lift sentiment
https://www.straitstimes.com/business/companies-markets/wall-street-rises-dow-hits-record-high-as-middle-east-hopes-lift-sentiment
Wall Street rises, Dow hits record high as Middle East hopes lift sentiment | Reuters
SUMMARY
PC makers Dell, HP surge after Lenovo reports revenue jump
Estée Lauder climbs after ending merger talks with Puig
Kevin Warsh sworn in as Fed chair
S&P 500 notches 8th weekly gain, longest streak since December 2023
Indexes up: Dow 0.86%, S&P 500 0.62%, Nasdaq 0.50%
NEW YORK, May 22 (Reuters) - U.S. stocks rose on Friday, with the Dow reaching a record closing high, as investors cheered signs of progress in talks to end the Middle East conflict and a strong corporate earnings season.
The S&P 500 (.SPX), opens new tab notched its eighth consecutive weekly gain, its longest since a nine-week streak ended in December 2023.
The U.S. has made some progress toward a deal with Iran, though more work remains, Secretary of State Marco Rubio said on Friday. Iran’s foreign ministry spokesman said differences between the two sides remained deep.
https://www.reuters.com/business/wall-st-futures-rise-markets-monitor-us-iran-peace-talks-2026-05-22/
Wall Street rises, Dow hits record high as Middle East hopes lift sentiment
https://www.straitstimes.com/business/companies-markets/wall-street-rises-dow-hits-record-high-as-middle-east-hopes-lift-sentiment
Reuters
Wall Street rises, Dow hits record high as Middle East hopes lift sentiment
U.S. stocks rose on Friday, with the Dow reaching a record closing high, as investors cheered signs of progress in talks to end the Middle East conflict and a strong corporate earnings season.
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