Thanks to banks, Singapore stock market will find its place in 2023 Asia rally

The superior earnings power of Singapore banks is key to the stronger outlook for the broader Singapore index. PHOTO: ST FILE
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SINGAPORE – Singapore’s stock market may lose some of its sheen next year, but the strength of the country’s booming banking sector should be enough to keep investors coming.

That bright spot could help offset a massive realignment of global investment strategies in the coming months as fund managers across the world reassess economic trends.

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