{"id":110953,"date":"2021-03-31T06:36:07","date_gmt":"2021-03-31T06:36:07","guid":{"rendered":"https:\/\/fin2me.com\/?p=110953"},"modified":"2021-03-31T06:36:07","modified_gmt":"2021-03-31T06:36:07","slug":"asias-worst-stock-market-last-year-is-now-one-of-the-regions-top-performers","status":"publish","type":"post","link":"https:\/\/fin2me.com\/markets\/asias-worst-stock-market-last-year-is-now-one-of-the-regions-top-performers\/","title":{"rendered":"Asia\u2019s worst stock market last year is now one of the region\u2019s top performers"},"content":{"rendered":"<ul>\n<li>Singapore&#x27;s benchmark Straits Times Index has climbed around 12.2% so far this year to become one of Asia&#x27;s top performers.<\/li>\n<li>The STI ended 2020 as the worst performer in Asia after losing 11.8%.<\/li>\n<li>Still, the Taiwan Stock Exchange Capitalization Weighted Stock Index or TAIEX slightly edged out the STI with a 12.4% gain this year to take the top spot in Asia.<\/li>\n<\/ul>\n<p>In this article<\/p>\n<ul>\n<li><span>.STI<\/span><\/li>\n<li><span>JSH-SG<\/span><\/li>\n<li><span>JARD-SG<\/span><\/li>\n<li><span>CATL-SG<\/span><\/li>\n<li><span>2330-TW<\/span><\/li>\n<li><span>STIM<\/span><\/li>\n<li><span>SGXL-SG<\/span><\/li>\n<\/ul>\n<p>SINGAPORE \u2013 Singapore&#x27;s stock market is staging a strong<strong> <\/strong>comeback.<\/p>\n<p>The benchmark Straits Times Index ended 2020 as the worst performer in Asia, losing 11.8% through the year. But the STI climbed around 12.2% so far this year, and has become one of the region&#x27;s top performers.<\/p>\n<p>The STI is a market capitalization weighted index<strong> <\/strong>that tracks the top 30 companies listed on the Singapore Exchange. As of Tuesday, as many as 12 of its constituent stocks have made double-digit gains this year.<\/p>\n<p>Taiwan was<strong> <\/strong>Asia&#x27;s best-performing stock market as of Tuesday. The benchmark Taiwan Stock Exchange Capitalization Weighted Stock Index, or Taiex, slightly edged out the Singapore index with a 12.4% gain this year.<\/p>\n<p><svg width=\"20\" height=\"20\" viewBox=\"0 0 20 20\" fill=\"#002F6C\" aria-labelledby=\"title desc\" role=\"img\" focusable=\"false\" data-analytic-id=\"expand-icon\" class=\"InlineImage-background\"><title>Zoom In Icon<\/title><desc>Arrows pointing outwards<\/desc><circle cx=\"10\" cy=\"10\" r=\"10\" fill=\"white\" stroke=\"#002F6C\"><\/circle><\/path><\/svg><\/p>\n<p>&quot;Singapore is in a very good sweet spot, mainly because it&#x27;s very cyclical,&quot; Joanne Goh, investment strategist at Singapore bank DBS, said last week.<\/p>\n<p>Markets or stocks that are &quot;cyclical&quot; rise and fall in conjunction with fluctuations of the economy. The STI is made up of a high proportion of financial and industrial stocks typically considered as cyclical.<\/p>\n<h2>Singapore stocks: &#x27;One of the cheapest&#x27;<\/h2>\n<p>With the global economy recovering from the pandemic-induced recession, Singapore&#x27;s stock market would do well, Goh said at a webinar outlining DBS&#x27; quarterly investment outlook.<\/p>\n<p>She added that valuation in the Singapore market is &quot;one of the cheapest&quot; in the region, and that has spurred merger and acquisition activities among listed companies.<\/p>\n<p>Earlier this month, conglomerate Jardine Matheson said it plans to simplify its structure by buying the 15% of Jardine Strategic it does not already own.<\/p>\n<p>Jardine Strategic is an investment holding firm and, like Jardine Matheson, is a constituent stock of the STI. If the acquisition goes through, Jardine Strategic will be delisted.<\/p>\n<p>Just last week, property group CapitaLand announced plans to split the company into two. A revamped real estate investment management company will become a new listed entity on the Singapore Exchange, while the property development business will be taken private.<\/p>\n<p>&quot;We should be seeing some of these M&amp;A<strong> <\/strong>(mergers and acquisitions) activities driving Singapore market, and at the same time, we have earnings recovery,&quot; said Goh. She also said banks, which make up roughly one-third of the benchmark index, will benefit from rising yields in the U.S.<\/p>\n<p>&quot;We should see more upside for the Singapore market,&quot; she said.<\/p>\n<h2>Taiwan markets: &#x27;High proportion of growth stocks&#x27;<\/h2>\n<p>Unlike Singapore, Taiwan&#x27;s stock market has a &quot;high proportion of growth stocks,&quot; French investment bank Natixis said in a report earlier this month.<\/p>\n<p>Growth stocks are those with the potential to grow quickly, and they&#x27;re often in the tech sector. Such stocks were in favor last year when the Covid-19 pandemic hit global economic activity, but many investors are now buying cyclical stocks as the economy recovers. \u00a0<\/p>\n<p>Still, the performance of the Taiwanese market showed that &quot;downward pressure from high proportion of growth stocks can be partially buffered by high dividend yield, and even better if there is resilient economic growth,&quot; said Natixis.<\/p>\n<p>Taiwan was Asia&#x27;s best-performing economy in 2020, with its exports boosted by strong global semiconductor demand. The island is home to Taiwan Semiconductor Manufacturing Co, or TSMC, the world&#x27;s largest foundry.<\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/03\/31\/investing-singapores-stock-market-is-one-of-asias-top-performer.html\" target=\"_blank\" rel=\"noopener noreferrer\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Singapore&#x27;s benchmark Straits Times Index has climbed around 12.2% so far this year to become one of Asia&#x27;s top performers. The STI ended 2020 as [&#8230;]<\/p>\n","protected":false},"author":3,"featured_media":110952,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Asia\u2019s worst stock market last year is now one of the region\u2019s top performers - Fin2me<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/fin2me.com\/markets\/asias-worst-stock-market-last-year-is-now-one-of-the-regions-top-performers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Asia\u2019s worst stock market last year is now one of the region\u2019s top performers - Fin2me\" \/>\n<meta property=\"og:description\" content=\"Singapore&#x27;s benchmark Straits Times Index has climbed around 12.2% so far this year to become one of Asia&#x27;s top performers. 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