S'pore investors on Wall St not rattled in Q3

Asian investors as a whole sell fewer US stocks in the quarter despite biggest quarterly fall in prices in four years; US investors cut purchases in Asia

Published Mon, Dec 7, 2015 · 09:50 PM

US stocks

Singapore

THE third quarter of 2015 was the worst quarter in four years for stock markets but, while stocks were dumped, it didn't appear that Asian investors on Wall Street were rushing madly for the exit.

The same goes for US investors in Asian markets, the latest US Treasury figures show. Singapore investors unloaded a net US$3.7 billion in US corporate stocks in the third quarter when US stock prices tumbled 7.25 per cent, the biggest quarterly fall since 2011. While the Q3 sales were bigger than the second quarter's US$3.1 billion, the increase was partly inflated by a stronger US dollar.