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Stay close to STI and its components for now
Published Sun, Dec 14, 2014 · 09:50 PM
MORGAN Stanley in its outlook for Singapore a year ago noted that the correlation local blue chips have with the MSCI World Index over the previous 10 years was only 55 per cent. The conclusion was obvious: Singapore stocks may not be that affected by developed markets.
That weak correlation - or decoupling if you prefer - is set to be tested this week, after Wall Street's large losses …
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