Tags: APFN | AS | Malaysia | Singapore | Stock Link

Malaysia, Singapore to Set up Trade Link for Stockmarkets

Tuesday, 06 February 2018 01:38 AM

KUALA LUMPUR, Malaysia (AP) — Malaysia and Singapore regulators say they will establish a link to connect their stock markets by the end of the year in a bid to cut trading costs and woo cross-border investments.

A joint statement Tuesday by the Monetary Authority of Singapore and the Securities Commission Malaysia said the "Malaysia-Singapore Connect" will allow investors to trade and settle shares listed on each other's stock markets in a more convenient and cost efficient way, benefiting retail investors.

Prime Minister Najib Razak told a capital market conference earlier Tuesday that the two exchanges are sophisticated and mature enough to set up a market corridor. He said the system will link the two markets with a combined market capitalization of $1.2 trillion and 1,600 publicly listed companies.

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
GlobalTalk
Malaysia and Singapore regulators say they will establish a link to connect their stock markets by the end of the year in a bid to cut trading costs and woo cross-border investments.A joint statement Tuesday by the Monetary Authority of Singapore and the Securities...
APFN,AS,Malaysia,Singapore,Stock Link
128
2018-38-06
Tuesday, 06 February 2018 01:38 AM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved