Singapore tops Indonesia as biggest South-east Asian stock market
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Singapore has overtaken Indonesia as the largest stock market in Southeast Asia, with market capitalisation reaching US$645 billion compared to Indonesia's US$618 billion, which has dropped over 30% since January. Investor sentiment in Indonesia has declined due to uncertainties regarding market reclassification and negative credit outlooks from Fitch and Moody's. Singapore's stability and reforms have attracted capital, while Indonesia faces challenges, including a significant sell-off and currency pressures. Future MSCI reviews will be crucial for Indonesia's market status.
Source: Straitstimes The copyright of this article belongs to the original author/organization.
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