Singapore Stocks Beating World as Swings Narrow
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Singapore stocks have gained 13 percent in 2012 with volatility that is the lowest in Asia, luring the region’s biggest investors to a rally that trails only Denmark among developed nations.
The Straits Times Index has risen 15 of the last 19 days while its 30-day implied volatility, a measure of risk derived from options prices, held below levels in Japan, Hong Kong, China, South Korea, India, Taiwan and Australia. Shares in the measure yield 3.6 percent in dividends, compared with 3.2 percent for the MSCI Asia Pacific Index, data compiled by Bloomberg show. The Singapore gauge rose 0.5 percent today, the biggest advance among Asia-Pacific benchmarks.