Covid-19 stress brings out latent muscle in SGX
In volatile times, SGX widely seen as flight-to-quality marketplace for Asia, anchored in AAA-rated Singapore, says head of equities Michael Syn
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Angela Tan
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Singapore
SINGAPORE Exchange (SGX) is having an extraordinary run as heightened uncertainties brought by the Covid-19 pandemic have led to record trading on multiple fronts in a market often slighted as boring compared to its more flamboyant neighbours.
In his first interview with The Business Times since his appointment as SGX's head of equities, Michael Syn said there has been a surge in account openings at the Central Depository from Singaporeans. Many are seeking to take advantage of safe haven SGX/Singapore dollar investments at undemanding valuations, as they look through the cloud of uncertainty to the potential rebound at the end of the Covid-19 pandemic.
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