Local bank shares may not ebb with Sea's rising tide

Singapore

A BIG question mark looms over how the inclusion of Nasdaq-listed Sea Ltd on a market index would finally weigh on the shares of Singapore banks - key components of this critical benchmark.

On March 10, MSCI said eligible foreign-listed shares would be included into its MSCI Singapore index over four phases starting May. These could include Sea, Maxeon Solar Tech, and Hong Kong-listed Razer.