Dear readers, how has Singapore Straits Times Index (STI ) performed against its regional counterparts year-to-date this year? Well, this is a good question given that we are now into the first trading day of November already. How fast a year seems to have flown, especially this year 2020. I remember Singapore celebrated New Day, then Chinese New Year and then soon we were in Covid-19 lockdown Phase 1 followed by Phase 2 today. Okay, without further ado, let us take a look at how Singapore stocks benchmark, the Straits Times Index has performed against its regional counterparts year to date.
First, it is no surprise that Singapore stocks have not been performing well. Year-to-date, the Singapore Straits Times Index (STI) return was -24.8%, this is the lowest in the region considering how the other regional stocks markets have performed year-to-date:
Thailand SET: -24.4%
Philippines PCMOP: -19.1%
Indonesia JCI: -18.6%
Hong Kong HSI: -14.5%
Australia S&P/ASX 200: -11.3%
Japan TOPIX: -8.3%
Malaysia KLCI: -7.7%
Indian NIFTY: -4.3%
Japan Nikkel 225: -2.9%
Now, for the region’s Best stock market performers:
South Korea KOPSI: 3.2%
Taiwan TAIEX: 4.6%
China SHCOMP: 5.7%
China SZComp: 27.6%
Singapore stocks markets is hence the worst performer of regional stock markets year-to-date. As I have been advising readers, it is good to spread your investment portfolio among international and regional stocks markets so as to achieve a geographically-balanced portfolio.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!
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