Market View: Magnificent 7 lose steam – can tech still deliver in 2025?

Singapore shares opened lower this morning, as Asian markets struggled for direction midweek. By midday, the local banks traded mixed - DBS slipped 0.5%, OCBC was flat, and UOB inched up 0.2%. Still, the Straits Times Index managed to close higher, rising 1% to 3,662 points. In the US, renewed tariff tensions and prolonged negotiations among trade partners have rattled markets, stoking concerns over weakening business confidence and slowing consumer spending raising the risk of a potential recession. Meanwhile, the Magnificent 7 tech stocks - Apple, Microsoft, Alphabet and others, after strong gains in 2024, have posted lacklustre performances so far this year, prompting questions around growth sustainability. On Market View, Willie Keng speaks to Cedric Ho, Founder and Portfolio Manager at MAD Partnership, to discuss more.See omnystudio.com/listener for privacy information.