30 Nov '16, 3am

A tweeting Trump could be good for markets, says this Singapore Exchange executive

A tweeting Trump could be good for markets, says this Singapore Exchange executive

Donald Trump’s election win and the U.S. president-elect’s penchant for off-the-cuff social media posts has been a boon for financial markets, said Chew Sutat, head of equities and fixed income at Singapore Exchange Ltd. “With Trump, what you see is greater uncertainty, and the opportunity to trade different sectors,” Chew said in an interview on Bloomberg Television on Wednesday. “We’re really happy that some of the animal spirits are back.” The Singapore exchange’s average daily value of shares traded has risen to S$1.32 billion ($927 million) since Trump’s surprising Nov. 8 win over Democrat Hillary Clinton. That’s 28 percent higher than the daily average during the first 10 months of the year. Chew said Trump’s unpredictability is keeping markets on their toes. “He tweets every day,” Chew said. “We don’t know what’s going to happen, but things are going to happen and t...

Full article: https://www.bloomberg.com/news/articles/2016-11-30/tweeti...

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