China, Singapore, Hong Kong seen as safe havens amid trade war fears

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.

China's various reform announcements should guide its long-term policies to transform the economy into…