There are only two major indexes across Asia-Pacific that are in positive territory so far in 2022, and both of them are in Southeast Asia.
is in first place regionally, having risen 3.25% year-to-date.
In a note published Thursday, Morgan Stanley equity analysts Wilson Ng and Derek Chang said Singapore stocks are a "safe haven amid choppy global markets." "Global markets are grappling with growth moderation as fiscal stimulus rolls off, rising interest rates as central banks tighten monetary policy, and higher inflation driven by supply shocks created by events in Ukraine and China," said Ng and Chang.
"Despite an uncertain global outlook, Singapore's macro conditions appear relatively robust. GDP growth is set to decelerate, but to still above-trend levels thanks to reopening progress this year," they said.Many reasons justify the relative outperformance of ASEAN markets YTD.Both indexes have outperformed peers across the region, which have seen losses so far for the year. China's markets have been among those hit the hardest.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Asia-Pacific stocks set for lower start following tumble on Wall StreetMajor indexes on Wall Street declined more than 3.5% overnight, with the Dow Jones Industrial Average closing at its lowest since March 2021.
Read more »
Japan's Nikkei 225 Drops More Than 2% as Asia Stocks Fall Following Tumble on Wall StreetMajor indexes on Wall Street declined more than 3.5% overnight, with the Dow Jones Industrial Average closing at its lowest since March 2021.
Read more »
This unusual tooth is the first fossil evidence of Denisovans in Southeast AsiaA single, humanlike molar found inside a cave in Laos is the first fossil evidence of Denisovans in Southeast Asia.
Read more »
Asia markets gain despite global growth worriesAsian shares edged higher on Tuesday despite data reinforcing investor fears the global economic recovery may be more fragile than expected, even as inflationary pressures remain high.
Read more »
Biden could see North Korea's 'nuclear, missile tests' during Asia trip'Our intelligence does reflect the genuine possibility' of nuclear-capable missile tests or a nuclear weapon test around the time of US President Biden's trip, National Security Advisor Jake Sullivan says.
Read more »
First Mover Asia: USDC Hasn’t ‘Flippened’ USDT, but Trader Preferences Are Changing; Cryptos Rise Despite BearishnessLUNA and UST’s collapse is still reverberating through the broader crypto market; The biggest impact on the market, though, hasn't been an evisceration in prices, but loss of confidence in the stablecoin sector. TheSamReynolds and JPRubin23 report
Read more »