SINGAPORE - Record low interest rates are tempting some retail investors in Singapore to load up on debt to buy shares, just as the coronavirus outbreak creates the most volatile markets since the global financial crisis.
According to preliminary data from the Monetary Authority of Singapore, bank financing for stock purchases by retail investors rebounded in February after three consecutive months of declines. Individuals pumped around $2 billion into equities in March, 50 per cent more than the previous month, Singapore Exchange data show.
There are also some suggestionsthat retail investors may be using their homes as collateral to borrow money.
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