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Jul 14 at 11:51 PM
Singapore's second-quarter GDP grew 5.7% year-on-year (preliminary estimate), slowing from 6.3% in the first quarter but exceeding expectations of 5.5%. The manufacturing sector led with a +12.2% growth rate, driven by strong performance in the electronics and precision engineering industries fueled by demand for AI chips.
The three major Singaporean bank stocks have been rising continuously, driving gains in the Straits Times Index.
Several strong signals have fueled the next wave of market movement.
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