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Temasek's portfolio values rises 13% as equity markets improve

Singaporean state fund's new investment falls 47% as high valuations spark caution

Temasek co-Presidents Chia Song Hwee, center, and Dilhan Pillay Sandrasegara, second from left. (Photo courtesy of Temasek)

SINGAPORE -- Strong performances in major equity markets, backed by an improving global economy, pushed the value of Temasek Holdings' portfolio up 13.6% on the year to 275 billion Singapore dollars ($199 billion) at the end of March, the highest since the Singaporean state investment firm's inception in 1974.

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