Singapore’s Stock Rally Likely to Extend as Dividend Plays Shine
- Benchmark Straits Times Index has surged nearly 7% this year
- Investors to rotate to lower-beta markets: Phillip Securities
This article is for subscribers only.
Singapore stocks’ best rally in years may have legs as potential US interest-rate cuts burnish the appeal of the high-yielding market.
Growing confidence that US interest rates have peaked may drive investors to the city-state’s high-yielding real estate investment trusts and bank shares. Traders are betting that the Federal Reserve will begin easing policy in September.