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Equities

Malaysia, Singapore to establish cross-border stock trading link by year-end

KUALA LUMPUR (Nikkei Markets) -- Malaysian and Singaporean authorities Tuesday said they will jointly work to help establish a cross -border stock trading link between the two neighbors by this year-end as Southeast Asia's two wealthy nations seek to cut costs and boost efficiency in regional share trading.

The trading link will allow investors to trade and settle shares listed on each other's stock market in a more convenient and cost efficient manner, a joint statement by the Monetary Authority of Singapore and Securities Commission Malaysia said. "Retail investors notably will benefit from such a link," the authorities added.

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