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02-05-2018, 06:17 PM
Singapore Has Just Become Asia's Best-Performing Stock Market
By Abhishek Vishnoi and Nguyen Kieu Giang
May 2, 2018, 5:15 PM GMT+8
Thereâs been lots of competition for the title of Asiaâs best-performing stock market this year. Among the major equity indexes in the region, eight have climbed to records in the first four months alone.
Today, Singaporeâs Straits Times Index nudged higher, boosting this yearâs gain to 6.2 percent in local currency terms, and took the top spot from Vietnamâs VN Index, which plunged 2 percent.
The city-state has its three big banks to thank for clinching the top spot across all major equity markets in the continent. On April 30, DBS Group Holdings Ltd., Southeast Asiaâs largest lender, reported quarterly profit that beat analyst estimates helped by signs of economic growth and higher U.S. interest rates. Rivals United Overseas Bank Ltd. and Oversea-Chinese Banking Corp. report in the coming days, and could fuel further gains in the Straits Times Index.
More details in https://www.bloomberg.com/news/articles/...ock-market
By Abhishek Vishnoi and Nguyen Kieu Giang
May 2, 2018, 5:15 PM GMT+8
Thereâs been lots of competition for the title of Asiaâs best-performing stock market this year. Among the major equity indexes in the region, eight have climbed to records in the first four months alone.
Today, Singaporeâs Straits Times Index nudged higher, boosting this yearâs gain to 6.2 percent in local currency terms, and took the top spot from Vietnamâs VN Index, which plunged 2 percent.
The city-state has its three big banks to thank for clinching the top spot across all major equity markets in the continent. On April 30, DBS Group Holdings Ltd., Southeast Asiaâs largest lender, reported quarterly profit that beat analyst estimates helped by signs of economic growth and higher U.S. interest rates. Rivals United Overseas Bank Ltd. and Oversea-Chinese Banking Corp. report in the coming days, and could fuel further gains in the Straits Times Index.
More details in https://www.bloomberg.com/news/articles/...ock-market
Specuvestor: Asset - Business - Structure.
