Investors may seek refuge in city-state market

Wilson Ng, Singapore-based equities analyst at Morgan Stanley, sees Singapore equities as a safe haven with above-trend growth, a relatively benign rise in interest rates and a strengthening currency targeted by the central bank.

SINGAPORE: As the global equities landscape gets more forbidding by the day, Singapore may turn out to be one of the few markets offering refuge to investors.

There is much doom and gloom around the world, from the war in Ukraine to the news of yet another rout on Wall Street that sets the tone for Asian markets every morning.