SINGAPORE - Singapore stocks took a beating this week amid the twin uncertainties of the US election and the worsening pandemic in the West, almost replacing Thailand as Asia's worst equity market this year.
A recovery in the South-east Asian nation's stocks from the market plunge triggered by the pandemic has been hampered by the economy's integration with global trade and supply chains, and a lack of technology shares in the index. More than 80 per cent of Singapore's benchmark is made up of cyclical equities - the most among regional peers.
Singapore Airlines and ComfortDelGro are the worst performers on the index this year so far - down 46 per cent and 42 per cent, respectively - after the pandemic battered travel and forced people to stay home. A gloomy outlook for tourism could limit the stock market's re-rating potential, according to Suresh Tantia, an investment strategist at Credit Suisse Group.
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
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Singapore overtakes Thailand to become Asia’s worst stock marketSingapore stocks took a beating this week amid uncertainties of the US election and the pandemic in the West, overtaking Thailand to become Asia’s worst equity market this year. Being cancer-stricken and begging CPF Board to repay overdue debt; that which in any case cannot be done as the money had been commingled and funneled to private entity Temasek Holdings for Ho Ching to wager on unviable, untenable and ultimately, invariably doomed gambles
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