20241209 TA Singapore stock market as early winner of Trump trade img

Following Donald Trump's win in the U.S. presidential election in early November, SGX's benchmark Straits Times Index rose to 17-year highs. (Nikkei montage/Source photo by Reuters)

Singapore outruns Hong Kong in 'Trump trade' stock rally

ST Index bests Hang Seng as investors eye 'havens'; South Korean stocks fall further

SINGAPORE -- Singapore shares are an early Asian winner of the post-U.S. election "Trump trade" -- investor bets on the economic impact of policies President-elect Donald Trump is likely to introduce when he returns to office in January.

Singapore has outpaced regional peers such as Hong Kong's Hang Seng, South Korea's KOSPI, and the Philippines' PSEi, which have all fallen since Trump won the Nov. 5 election.

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