UOB Kay Hian analyst Adrian Loh and the Singapore Research team say they expect the financial sector to be hit the hardest upon the inclusion of foreign-listed shares in the MSCI Singapore Index.

MSCI, on Nov 10, 2020, announced that Singapore had met the Foreign Listing Materiality Requirements at the November 2020 Semi Annual Index Review (SAIR). As such, foreign listings would be eligible to be included in the MSCI Singapore indexes starting from the May 2021 SAIR.

The three foreign-listed stocks that were mentioned as potential inclusions were US-listed Sea Limited and Maxeon Solar Tech, and Hong Kong-listed Razer.

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