Happy National Day and happy 49th birthday Singapore. Even though our achievements have surpassed many countries, we are still a young nation. At this juncture, coming to the end of the quarter, let's do a review of how STI has performed over the past 8 months compared to some of its closest partners and as well as competitors.
In the table below, I have tabulated the gain in the index of these countries over the last 8 months.
It is interesting to find:
- Taiwan is top among these countries
- Top 3 countries are all chinese related market
- has the flow of funds move away from Singapore into these other market
With the improvement in the PMI and investors confidence in the Chinese market, are we going to see further uptrend? And would Taiwan and Hong Kong continue to benefit and ride on the uptrend of the Chinese market.