Most equities in emerging Asia rose on Tuesday with shares in Singapore clocking solid gains, while currencies traded largely steady after U.S. Federal Reserve policymakers signalled three rate cuts this year although the timing remained uncertain.
Singapore’s benchmark .STI, one of the worst-performing index in the region so far this year, advanced 0.9% with banking stocks among the top boosts in the index. DBS Group DBSM.SI, Southeast Asia’s biggest bank by assets, jumped up to 1.4% to highest level since February 2022.
South Korea’s benchmark index .KS11 surged 0.8% to their highest level since February 2022, while shares in Taiwan .TWII fell 0.6%.
Fidelity Asian Values Plc (LON:FAS) provides shareholders with a differentiated equity exposure to Asian Markets. Asia is the world’s fastest-growing economic region and the trust looks to capitalise on this by finding good businesses, run by good people and buying them at a good price.
