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Monday, July 1, 2019

SINGAPORE STOCKS TO HEAD NORTH NEXT?

Singapore Stocks
Dear readers, over the weekends, we have two somewhat positive developments that may boost global equities. They are none the less:

a) the meeting between the US and China leaders on the sideline of G20 meeting where Donald Trump indicated that he would not impose additional taxes on China; and

b) the symbolic entering of Donald Trump onto North Korea’s soil and meeting between Donald Trump and North Korea leader

I believe investors welcome the two brief meetings especially the more substantial meeting between Donald Trump and Xi Jin Ping which seems more substantive. The two developments may lead to a brief respite for the global equities markets which have experienced uncertainties. However, the real driver of global equities markets ahead would have to be based on real fundamentals.

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