SINGAPORE (Dec 19): SAC Advisors says it remains “cautiously optimistic” about the Singapore market in 2019, despite volatile market conditions on the back of global geo-political risks.

“While lingering issues in 2018 like the collapse of the Argentine peso, the crisis in Turkey, the weakness of the Indonesian rupiah and Italy’s debt-driven deficit are likely to persist in 2019, we see the US-China trade war as the single greatest uncertainty to the local and global markets moving forward,” say analysts Terence Chua, Jaime Lo and Lam Wang Kwan in SAC’s year-end review report for 2018.

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