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SGX clarifies stock trading link rumour, in response to MAS query

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Singapore Exchange (SGX) on Wednesday clarified that it is not currently in the process of setting up a stock trading link that is similar to the Shanghai-Hong Kong Stock Connect.

Singapore Exchange (SGX) on Wednesday clarified that it is not currently in the process of setting up a stock trading link that is similar to the Shanghai-Hong Kong Stock Connect.

But, SGX remains open to "future collaborations which benefit its partners and shareholders", the company said.

This was in response to a query on Wednesday from its regulator, the Monetary Authority of Singapore, over news reports on Tuesday and Wednesday.

Reports on SGX's shares surging to a five-year high on Tuesday had cited market speculation over a trading link between Singapore and China, along the lines of the Shanghai-Hong Kong Stock Connect.

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