SINGAPORE (Nov 11): Donald Trump’s notorious US presidential win on Wednesday will surely raise volatility for Singapore’s equities, says DBS Vickers Securities.
This is largely because the chances of a Trans-Pacific Partnership (TPP) approval under Trump are now slim – and thus could affect the long-term growth prospects of Singapore.
“The prospect of Trump enforcing his protectionist stance on global trade is negative for export-reliant Singapore, which is already suffering from weaker exports,” say analysts Joanne Goh and Janice Chua in a Thursday note.
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