Impact of COVID-19 on Financial Markets Essay

We will be dividing the essay into two sections. Firstly we shall be looking at an overview of Singapore’s Financial market. This will help us better understand the market before the pandemic in relation to the impact as well as the magnitude of the impact. Then we shall be looking at the actual impact of covid-19 on the financial market.  We will be looking at the loss, ups, and downs, so on and so forth.

This COVID-19 essay will show you how to write about the impact of this virus on financial markets in a creative, yet informative way. Download your own copy today and start learning!

Introduction- Impact of COVID-19 on Financial Markets Essay

We all know that the unprecedented outbreak of covid-19 has affected everything.  No one was safe from it be it businesses or personal lives, In the same fashion, the financial market of Singapore was affected as well. So today, we will be looking at the Impact of Covid-19 on the financial market of the Singapore city-state.

Now, we have discussed the financial market of Singapore and its various aspects, several times in other sample essays. That’s why we can say Lion-city’s economy is a fairly strong and flexible one. But how did it react to that coronavirus pandemic? We will be answering just that, in this sample Essay.

Moving on, we can say that this topic or discussion poses great importance to the students of finance or those interested in it. This is because we are discussing one of the major events of our time in relation to the financial market. Therefore, we will be looking at this topic in great detail to paint a clear picture of the concept. By the end of the essay, readers will have enough knowledge about this topic.

Moreover, we will be dividing the sample essay into different sections for the sake of simplicity and clarity. So the topics of discussion in this sample essay, shall be as mentioned below:

Main body- Impact of COVID-19 on Financial Markets Essay

Overview of Singapore’s financial market

As previously said, we have looked at the financial market of Singapore on various occasions and in different discussions. Nevertheless, we shall be talking about it here on a brief note.

The city-state of Singapore has become a financial hub not just in southeast Asia but the whole world. In addition to this, the lion-city has a great economy, which is strong as well as flexible. The financial market is considered to be quite liquid and deep as well. In fact, in terms of opportunity and support, Singapore’s market is one of the best across the globe.

Moreover, the stock exchange of Singapore is known as “Singapore Exchange ” or SGX for short. Furthermore, the MAS or monetary authority of Singapore is responsible for regulating and governing the financial market. In addition, MAS doubles as the central bank of Singapore.

Moving on, we talked about Singapore’s financial market and its legal structure in great detail in another one of our sample essays.  Namely; Market and legal framework Singapore. You may go through it for a better understanding of the concept as well as some new information. Moving on, we will be looking at the impact of Covid-19 on the financial market of Singapore in the next section of the sample essay.

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Covid-19’s impact on the Financial market of Singapore

The economy and Financial market of Singapore is quite strong and flexible. In the same fashion, Singapore was applauded by the whole world for its method of handling pandemics. In fact, one can say that Singapore handled the whole situation quite effectively, minimizing the effect across all of its different sectors.

Moving on, it was noticed that the investments in the Financial market of Singapore hit an all-time low since 2009. However, during the pandemic, the market saw a rise in investment. In other words, the market held quite well amid the pandemic. In addition, Ravi Manon the head of MAS quoted that: The financial sector of Singapore of quite agile as well as strong even in a pandemic. Indeed, the financial market of Singapore held its ground despite seeing a fall during the initial stages.

Moreover, MAS published stats according to which: all of the services in the financial market are up and running. Plys, 85% of the stuff is still working in some form or another. In fact, 90% of MAS’s own staff was working from home. Nevertheless, the growth rate in Q1 (2020) took a hit. This was due to the overall impact of the economy of the City-state. Despite this, the performance was fairly good and promising.

Conclusion:

The COVID-19 will have a significant impact on financial markets and should be monitored closely. Trading volume is expected to increase as the release date grows closer. It’s possible that prices may fluctuate due to people anticipating what it might cost if they were able to buy the drug before its release, but this would only happen in countries where pharmaceutical companies in singapore can charge whatever price they want for their products.

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