Not a dull moment in week ahead for markets
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THE partying may have to take a slight pause this week, giving investors a little breather following the banner sessions last week with regional and United States indices closing at new record highs.
The Hong Kong and Singapore markets ended the previous week on a sweet note, amid strong earnings and momentum, alongside higher trading volume, notes analyst Margaret Yang of CMC Markets.
"In the local market, earnings from Genting Singapore, Singapore Airlines, CapitaLand, City Developments, UOL, Yangzijiang Shipbuilding and SATS have all surprised investors in a positive way. Despite some volatility that came through the US market as a result of uncertainties surrounding the tax bill, Asian markets have exhibited resilience against that headwind," she points out.
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