Breaking News, World News and Taiwan News.

Updated Tuesday, December 14, 2010 10:56 pm TWN, The Straits Times/Asia News Network

Sponsors
▪	Buy china wholesale products from reliable chinese wholesalers on DHgate.com!
▪	Save 75% for all hotels in Shanghai, Beijing and whole China. Lowest rates for Flights in China.
▪	Get the best deals for Guangzhou Hotels or choose from more than 10,000 hotels in 499 Chinese cities.
▪	Find great real time deals on China Flights. Book flights to China or China domestic flights 24/7.

Singapore's stock market tipped to grow 10 percent next year

SINGAPORE -- Singapore's stock market could jump by 10 percent or more next year, powered by a strong Singapore dollar, low interest rates and growing consumption in Asia, according to analysts. This would be a welcome boon to investors, who have recently faced worries such as rising tensions on the Korean peninsula, economic cooling measures in China and the ongoing eurozone sovereign debt crisis.

These various concerns have dragged the benchmark Straits Times Index (STI) down from its year-to-date high of 3,313.61 points, which it touched on Nov. 9. Despite these sobering events, however, analysts from Nomura and UBS are optimistic that the bourse will charge ahead to a high of 3,600 next year.

Subscribe to The China Post and save 25%. Click here