EMERGING MARKETS-Singapore shares hit 17-year high on market revival efforts
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 19 2024
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Should l Buy ?
Source: Yahoo Finance
Singapore Stock Market Performance: Singapore stocks reached a 17-year high, driven by financial sector gains, with the Straits Times Index rising 16% this year as efforts to revitalize the market intensify.
Regional Currency and Economic Trends: The Malaysian ringgit and Taiwan dollar saw slight increases against the U.S. dollar, while Thailand reported better-than-expected GDP growth, although concerns about government spending and private consumption persist.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
