S'pore investors sold more US stocks
They sold a net US$1.34b in the US market in Q3 last year, after a net sale of US$1.47b in Q2
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Singapore
PERHAPS they were too absorbed in the wheeling and dealing that they didn't hear the US Federal Reserve when it announced its change of heart and decided to prolong its "quantitative easing" beyond the quarter.
While other global investors reacted quickly to the news by switching from "sell" to "buy" on Wall Street in Q3 last year, figures just released by the US Treasury show that Singapore investors persisted in dumping US stocks.
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