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China, Singapore, Hong Kong seen as safe havens amid trade war fears
DBS Research says reform calls should guide policies to transform China into a consumption-based economy
Add BT as a preferred sourcePublished Tue, Jul 3, 2018 · 09:50 PM
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Singapore
DESPITE fears of a trade war escalating between the two largest economies in the world, China joins Hong Kong and Singapore in being safe havens amid a volatile third quarter for equity markets, said a recent DBS Research report.
DBS is overweight on a "resilient" China as most companies derive earnings from the domestic economy, and its market valuation has fallen below average for the first time in five years.
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