Searches for stock-related queries in Singapore have surged following former US President Donald Trump’s announcement of a new tariff deadline on 1 August. Notably, searches for “is Trump good for the stock market” increased by 170% in the past month. Whilst Tesla’s stock faced scrutiny as searches for “should I sell Tesla stock now” skyrocketed by over 5,000%, following Trump’s public dismissal of Elon Musk’s political ambitions.
Nvidia emerged as the most searched stock in Singapore, with 276,600 monthly searches, reflecting its global prominence after becoming the first company to reach a $4 trillion market value. Tesla followed closely, with 192,600 searches, despite a recent dip in its share price due to the Trump-Musk feud. Palantir, a software provider to US military and intelligence agencies, ranked third with 57,340 searches, having recently joined the ranks of the 20 most valuable US companies.
Meta and Alibaba completed the top five most searched stocks in Singapore, drawing 56,170 and 45,750 monthly searches, respectively. Meta’s recent $14.3 billion investment in Scale AI highlights its commitment to advancing artificial general intelligence.
Adam Nasli from BrokerChooser explained that stock market participation varies globally due to factors like financial infrastructure and economic development. The US leads with 55% of its population invested in the stock market, followed by Canada and Australia. In contrast, countries with lower participation rates face barriers such as limited financial literacy and cultural perceptions of risk.
As trade tensions continue, these search trends underscore the shifting interests and concerns of investors in Singapore and beyond.
“`
