Investors flock to South-east Asia markets on renewed interest in tech, safe-haven factor
Banks and semiconductors are investors’ top sectoral picks in Singapore, Malaysia
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WITH geopolitics coming into play, investors have been parking their money in some countries in South-east Asia – a region that is seen to be less volatile compared to other global markets.
Supply chains are shifting away from China and into the region, attracting manufacturing and capital inflows, Paul Chew, head of research at Phillip Securities Research, told The Business Times.
The region’s abundant and cost-effective resources – including steel, aluminium and data centres – have also attracted investors, he added.
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