Worst-Performing Asia Stock Index Turns Winner on Value Love
- Singapore’s Straits Times Index is up more than 9% this year
- Stocks are attractive due to valuations, dividends: Fidelity
Photographer: Darren Soh/Bloomberg
This article is for subscribers only.
Singapore could be the biggest comeback story for Asian equities this year.
After becoming the region’s worst performer in 2020 following a 12% slump, the Straits Times Index has surged 9.3% to trounce all other major Asian benchmarks so far this year. That’s come in the wake of a tech rout that saw the Nasdaq 100 enter a correction amid rising U.S. Treasury yields.