Financial Wire

Market Chatter: Singapore Equities Showcase Resilience Amid Global Volatility

-- Singapore's stocks are expected to reclaim their record high, amid global volatility due to conflict in the Middle East, according to a report by Bloomberg on Monday.

While the APAC region has been impacted by the US-Iran war, with global energy prices soaring, Singapore's dollar has been outperforming its regional peers. The city-state's Equity Market Development Program and the key constituents of its main index have added to the appeal, according to the report.

According to Daniel Lau, a fund manager at Eastspring Investments, the Equity Market Development Program's valuation support provides the Singapore dollar a safe-haven status, the news outlet reported.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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