INVESTORS in Asia were looking to the deluge of Chinese data releases on Monday for indicators of the impact that the re-escalation of trade tensions with the US had on China's economy. The fact that the figures either met or beat expectations saw investors mostly relieved.
In Singapore, trading volume clocked in at 1.37 billion securities, 15 per cent over the daily average in the first six months of 2019. Total turnover came to S$875.59 million, 82 per cent of the January-to-June daily average. Thai Beverage, down two Singapore cents or 2.3 per cent lower to 84.5 cents, was the benchmark index's most traded stock with 34.6 million shares changing hands.
"If AB InBev's Asia-Pacific does end up pulling through to list in the region, it may act as a re-rating catalyst for ThaiBev," a trader toldInvestors have also speculated in prior weeks that ThaiBev could be a potential partner of the AB InBev unit after it lists in Hong Kong.
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