Securities Industry Singapore

Stocks Rise as Investors Seek Haven: Analysts said big gains in the market there last week are a sign that investors have been moving funds from other, riskier markets in Asia. Takuya Omori, a portfolio manager for Nikko Asset Management (Singapore), said economic growth of 9% for the third quarter, reported last Monday, suggests Singapore may be a less risky bet for investors concerned about economic conditions in neighboring Malaysia and Thailand.

Stocks Rise as Investors Seek Haven: Analysts said big gains in the market there last week are a sign that investors have been moving funds from other, riskier markets in Asia. Takuya Omori, a portfolio manager for Nikko Asset Management (Singapore), said economic growth of 9% for the third quarter, reported last Monday, suggests Singapore may be a less risky bet for investors concerned about economic conditions in neighboring Malaysia and Thailand.