US investors kept buying Singapore shares in Q4

Singapore

APPARENTLY egged on by a stronger US dollar and weaker share prices in this part of the world, US investors were still snapping up stocks in markets in Singapore and the rest of Asia in the final three months of 2014.

At the same time, Singapore-based and other Asian punters were doing just the opposite: unloading US equities to take profits as prices jumped on Wall Street, according to the latest figures released by the US Department of the Treasury.

US investors bought a net US$4.42 billion in Singapore shares in a quarter that saw prices in the local stock market slip an average 1.5 per cent, extending the investors' net …