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Singapore’s Bank Stock Rally Pushes Market Near Record High

(Bloomberg) -- Singapore’s stock market edged closer to an all-time high on Thursday, after a prolonged rally in bank shares.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionKansas City Looks Back on its Long, Costly Ride With MicrotransitRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsThe benchmark Straits Times Index rose as much as 1.1% during the day before paring its gains to finish up 0.6%. That put the market just shy of the record closin

Korea Crisis Has Silver Lining for Markets as Backstops Kick In

(Bloomberg) -- South Korea’s brief lurch to martial law this week spooked markets, but rapid action by officials to restore democratic norms and reassure investors has limited the damage – at least for now.Most Read from BloombergAs Wars Rage, Cities Face a Dark New Era of Urban DestructionRiyadh Metro Partially Opens in Bid to Ease City’s Traffic JamsKorea’s five-year credit default swap, the cost of insuring against sovereign default, declined on Thursday and remains well below its highs for t

Asian stocks see heavy outflows for second straight month in November

Asian stocks were under selling pressure from foreign investors for a second consecutive month in November amid worries over potential U.S. tariff hikes on regional exports under the incoming Donald Trump administration next year. Foreigners net withdrew $15.88 billion out of equity markets in Taiwan, South Korea, India, Thailand, Indonesia, Vietnam and the Philippines, following a net $15.38 billion worth of sales in the prior month, LSEG data showed. It was their largest monthly net selling since June 2022.