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Singapore set for biggest monthly loss in over 3 years; Indonesia rises

Reuters
Reuters • 3 min read
Singapore set for biggest monthly loss in over 3 years; Indonesia rises
(May 31): Singapore stocks fell on Friday, and is set for its biggest monthly loss in more than three years, symbolising a tough month for most equity markets in the region as US-China trade tensions reignited.
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(May 31): Singapore stocks fell on Friday, and is set for its biggest monthly loss in more than three years, symbolising a tough month for most equity markets in the region as US-China trade tensions reignited.

The benchmark index in Singapore slid 0.6% as investors turned cautious of a possible slowdown in global growth.

"Singapore is one of the most exposed countries to any slowdown in global trade. Our gross trade is 400% of GDP," Paul Chew Kuan Leng, head of research at Phillip Securities Research said.

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