EMERGING MARKETS-Singaporean stocks at 17-year high led by banks; Asian currencies slip
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 23 2024
0mins
Source: Yahoo Finance
Singapore and Philippine Stock Performance: Singaporean bank stocks reached all-time highs, contributing to the Straits Times index hitting its highest level since 2007, while Philippine stocks also rose significantly, reaching their highest point since February 2022.
Currency Trends in Emerging Asia: The Malaysian ringgit is on track for its best quarter since 1973, driven by strong investor interest, while other currencies like the Indonesian rupiah and Philippine peso faced declines against the U.S. dollar amid mixed economic signals across the region.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
