Singapore's equities market should react positively to the latest government budget with investors and businesses viewing it favorably, says Vasu Menon, OCBC's managing director of investment strategy.
"However, don't expect major fireworks given the global uncertainties ahead especially with regards to Trump's policies and the risk of a trade war," he says in a note.
Singapore is an open and small economy, which will be affected by global developments, especially those relating to China and the U.S. While the latest budget may help to some extent, it may not be sufficient fodder to fuel a sustainable rally, he adds.
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