Singapore Has Just Become Asia's Best-Performing Stock Market
- 2018 Scorecard: Straits Times Index up 6.2%, VN Index up 4.6%
- Investors remain skeptical on whether the rally can continue
SGX Centre, which houses the Singapore stock exchange.
Photographer: Paul Miller/BloombergThis article is for subscribers only.
There’s been lots of competition for the title of Asia’s 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, Singapore’s Straits Times Index nudged higher, boosting this year’s gain to 6.2 percent in local currency terms, and took the top spot from Vietnam’s VN Index, which plunged 2 percent.