‘Finally’: Citi investment strategist lauds SGX initiatives, says ‘no reason’ Hong Kong should dominate Asian equity markets
The Singapore bourse needs to pivot its focus towards investor returns, says Ken Peng
Add BT as a preferred source
[SINGAPORE] It is great that Singapore is “finally” doing something about its equity markets, said Ken Peng, head of Asia investment strategy at Citi Wealth.
“There’s no reason why Hong Kong should have such a dominant position in Asian equity capital markets,” he said at a media roundtable on Friday (Sep 26), ahead of the bank’s Wealth Symposium for clients.
He was responding to queries on the outlook of the Singapore market, considering the artificial intelligence (AI) boom and rising demand for semiconductors.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
PayPal plans job cuts as its new CEO pursues turnaround strategy
MAS, bank CEOs convene over AI cyberthreats; boards told to own risks, not leave to IT teams
