S Korea, Taiwan markets lead weekly gains South Korean and Taiwanese stocks ended the week higher on Friday, outperforming other emerging Asian markets as investors took advantage of bargain buying following significant losses over the previous two weeks. The renewed interest in artificial intelligence-related stocks propelled South Korea’s KOSPI index to a 5.4 percent weekly gain, reversing earlier losses of about 12 percent. Benchmark indexes in Singapore and Thailand were also projected to end the week up by 0.9 percent to 2 percent. Persistent tensions in the Middle East kept oil prices elevated throughout the week, which weighed on risk assets in emerging Asia. Most economies in the region are net energy importers, making them vulnerable to supply-chain disruptions and inflationary pressures from higher energy costs. Jennifer Kusuma, a senior rates strategist at ANZ, warned that investors in Asian local markets should prepare for increased volatility and potential further declines in the near term. While she noted that Asia is better positioned to handle higher oil prices compared to 2022, she cautioned that a prolonged supply chain and inflationary shock affecting energy, food, and freight could significantly raise stagflation risks across the region. Most equity benchmarks showed cautious movement on Friday as oil prices dipped slightly on signs of support from major European countries and Japan for securing shipping through the Strait of Hormuz. South Korean shares closed up 0.3 percent, while Taiwan’s market initially gained but later ended 0.4 percent lower, dragging the MSCI EM Asia index down 0.5 percent. Stocks in Singapore and the Philippines also fell by 0.6 percent each. Markets in Malaysia were closed for a late-scheduled local holiday, and Indonesian markets remained shut until March 24 for local holidays.#thailand #korea #south_korea #singapore #taiwan
A Tiger’s Guide for a Two-Day Layover in Singapore Singapore, often associated with futuristic architecture and modern amenities, also offers a rich tapestry of cultural history, relaxed living, and exceptional culinary experiences. For a short visit, maximizing your time involves a mix of exploration, relaxation, and indulgence in the city’s unique offerings. Begin your day by combating jet lag with a strong iced coffee or ceremonial-grade matcha at Calligraph Coffee. From there, head to Chinatown, a district steeped in history. The Chinatown Heritage Centre stands out as one of the city’s most underrated museums, showcasing a meticulously recreated 1950s shophouse. Nearby, the Sri Mariamman Temple, a centuries-old Hindu site, welcomes visitors of all faiths with its vibrant facade. A few blocks away, the newer Buddha Tooth Relic Temple features striking red pagodas and a sacred tooth relic, making it a notable stop. For an authentic Singaporean lunch, take a bus to Tiong Bahru Market. The ground floor hosts a bustling wet market where locals shop for fresh seafood and meat, while the upper level offers an open-air hawker center. Here, you’ll find stalls serving generations-old delicacies like roti prata, Hainanese curry rice, and creamy chendol. Despite the Michelin Guide’s influence, many local favorites remain unlisted, so trust your instincts. Food safety is rigorously enforced, ensuring a worry-free dining experience. If you’re still energized, embrace the national pastime of shopping. Start at Takashimaya, a sprawling department store offering everything from practical household items to luxury fashion. Don’t miss the basement food hall, where artisanal chocolates, pandan cakes, and barbecue pork jerky await.#singapore #chinatown #sri_mariamman_temple #buddha_tooth_relic_temple #tions_bahru_market
