Hong Kong, Singapore Go Head-to-Head in Stock Market: Chart

A new rivalry’s under way this year between Singapore and Hong Kong. The cities’ benchmark stock indexes have become the best performers among global developed markets, returning about twice as much as third-place New Zealand this month through Monday. Property stocks are the driver in Singapore, while AIA Group Ltd. and Tencent Holdings Ltd. have lifted the Hang Seng Index in Hong Kong.

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