(Bloomberg) -- Singapore's stock index dropped the
most in seven weeks on concern rising global interest rates will
slow economic growth. Singapore Telecommunications Ltd. led the
decline by the city-state's biggest companies.
``Higher interest rates will take more purchasing power
from consumers, curb corporate investments, and slow global
growth,'' said Thue Isen, who helps manage $1 billion in Asian
equities at Bankinvest Group in Singapore. ``That's negative for
an economy such as Singapore's, which is very open and dependent
on the world economy.''
Read more at Bloomberg Stocks News
most in seven weeks on concern rising global interest rates will
slow economic growth. Singapore Telecommunications Ltd. led the
decline by the city-state's biggest companies.
``Higher interest rates will take more purchasing power
from consumers, curb corporate investments, and slow global
growth,'' said Thue Isen, who helps manage $1 billion in Asian
equities at Bankinvest Group in Singapore. ``That's negative for
an economy such as Singapore's, which is very open and dependent
on the world economy.''
Read more at Bloomberg Stocks News
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