Investors gravitate to defensive stocks in July
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Singapore
LARGE-CAP defensive stocks felt their market caps swell the most in July, in a month marked by escalating trade war tensions and a surprise raid by the government to cool property prices.
The Jardine group of companies, Singtel, Thai Beverage, Genting Singapore and Singapore Press Holdings were among the biggest gainers by market cap in July, data compiled by The Business Times shows.
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