Singapore bourse 'preferred' in Asia-Pacific region
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The Singapore Exchange (SGX) Centre building on the afternoon of Aug 8, 2011. The local stock market is on the favoured lists of regional strategists, with Swiss bank UBS recently tagging it with "most preferred" status among Asia-Pacific bourses. -- ST PHOTO: JOSEPH NAIR
There is plenty of pessimism around the world about shares and the economic picture in general, but a growing number of experts are citing Singapore as the bright exception.
The local stock market is on the favoured lists of regional strategists, with Swiss bank UBS recently tagging it with "most preferred" status among Asia-Pacific bourses.
Credit Suisse has also deemed Singapore, along with Thailand, as its preferred South-east Asia market.
That the benchmark Straits Times Index (STI) has gained more than 15 per cent this year is testament to its appeal in a weak global environment.
