DBS overweight on China, US equities; sees S-Reits as attractive investment

Singapore

EQUITY indices are unlikely to break out to new highs in the near term as the "tug of war" between bulls and bears in the market shows no signs of abating, said DBS Bank's chief investment officer (CIO), Hou Wey Fook.

Speaking at the DBS CIO insights Q2 media roundtable on Monday, Mr Hou added that the current non-trending and volatile market environment is likely to persist until a comprehensive US-China trade deal which includes the full lifting of existing tariffs is reached.