The biggest move to reopen Singapore's borders will be a clear boost to international travelling, paving the way for better connectivity to travel destinations. The opening up of the transatlantic travel market is the most important development for international air travel since the beginning of the global pandemic. The launch of the VTLs will also facilitate hub connectivity to other destinations in Asia. Shares of aviation and hospitality companies such as $SIA (C6L.SG)$, $SATS (S58.SG)$, $SIA Engineering (S59.SG)$, $ST Engineering (S63.SG)$, $Genting Sing (G13.SG)$ would stand to gain the most with the opening up of Singapore's borders as the city state shifts to the endemic phase of living with Covid-19. While deliberate efforts are made to open up borders, recurring concerns like renewed infections, varying rate of vaccinations and changing regulations imply that the path towards a swift recovery in travel and hospitality sectors may not be as smooth as anticipated.
$FTSE Singapore Straits Time Index (.STI.SG)$

Shares of $Globalstar (GSAT.US)$ took an afternoon dive Tuesday, as investors expressed disappointment that $Apple (AAPL.US)$ did not say its new iPhone 13s would support satellite communications.
The mobile satellite services company's stock sank 23.5%, after being down 5.3% just before the start of Apple's iPhone 13 launch event. The stock had rocketed 64.3% on Aug. 30, after the reports surfaced that Apple would work with Globalstar as it added satellite communications to its next iPhone. The stock had climbed another 14.5% from Aug. 30 to the five-year closing high of $2.69 on Sept. 8, before pulling back. The stock has still rocketed 442.9% year to date, while the $S&P 500 Index (.SPX.US)$ has advanced 18.3%.
By the way, apple stock price usually went down after its launching events, and so did this time as usual.  What a unsolved mystery.
You May Also Like:
Apple’s iPhone Events Are Usually Gloomy Days for Its Stock

$UOB (U11.SG)$
today is down why app showing up?