Donald Trump's tweets intensifies market
Copious amounts of public tweets of the U.S. President-elect Donald Trump has been a boon for financial markets, Bloomberg reported quoting head of equities and fixed income at Singapore Exchange Ltd. Chew Sutat.
“With Trump, what you see is greater uncertainty, and the opportunity to trade different sectors. He tweets every day. We don’t know what’s going to happen, but things are going to happen and traders like that”, Chew Sutat said.
As it was turned out, the Singapore exchange’s average daily value of shares traded has risen to $937 million since Trump’s surprising win over Democrat Hillary Clinton.