STI outperforming in 2022 YTD, but may run into headwinds
Geopolitical tensions in Ukraine, inflation may result in near-term volatility; investors keeping watchful eye on interest rates, pandemic
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Singapore
AFTER delivering a modest performance in recent years, things are looking up for the Straits Times Index (STI) in 2022. The Singapore market benchmark has risen robustly in the first 6 weeks of the year to outperform most regional and global markets.
As at Wednesday's (Feb 16) close, the STI had gained some 10.1 per cent for the year to date (YTD), hitting 3,439.30, the highest in over 3 years.
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