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via The Edge Singapore RSS Feed by The Edge on 12/7/09
Daiwa has upgraded the Singapore stock market to "overweight" from "underweight" as it offers "low beta exposure to recovery trade".
This comes as the brokerage sees near-term upside bias for Asian ex-Japan equity markets amid supportive macro backdrop.
"Governments around the world will maintain policy flexibility and abundant liquidity in the coming months to reinforce the recovery process," adds Daiwa.
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