S'pore investors gain from Wall Street's highs in 2013

[SINGAPORE] With prices surging to new highs on Wall Street in 2013, Singapore-based investors trading in US stocks must have made a tidy sum last year.

The investors kicked off 2013 as net buyers - snapping up US$2.46 billion of stocks on the New York Stock Exchange (NYSE) in the first three months of the year, according to figures just released by the United States Treasury.

They then changed tack, switching to "sell" mode. The new position looked tentative at first, marked by a relatively small net sale of US$1.34 billion in the Apr…