October securities market turnover up 9% to $21.6b from September: SGX

SINGAPORE - Market activity amongst Asian equities in October was marked broadly by a return of risk appetite, amid signs of progress in US-China trade negotiations, and easing uncertainties over Brexit, a latest report by the Singapore Exchange said.

"With a tentative agreement for a 'first phase' trade deal between Beijing and Washington, and the resumption of trading following a week-long national holiday in China, investors showed renewed appetite for regional stocks," the Singapore bourse said. Amid active cash equities markets, risk management activity among SGX's equity derivatives was mixed.

Year to date through October, primary fundraising on the exchange topped $3.1 billion - up 50 per cent from the whole of last year - while secondary fundraising reached $6.4 billion, surpassing last year's tally by 5 per cent.

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