Pressure on yuan may boost earnings for some SGX firms
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Singapore
FADING hopes of a US-China trade resolution have hit China's currency, with some banks revising their forecasts for the currency lower as the yuan slumped to a four-month low on Monday.
A weaker yuan trend could benefit Singapore-listed companies which clock costs in the currency, like Hi-P International and Yangzijiang Shipbuilding, analysts said.
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