SINGAPORE-BASED financial specialists benefited from a 4 for every penny ascend in the S&P 500 and a 9 for each penny pick up for the Dow Jones Industrial Average in 2016's final quarter by offering into quality - the most recent US Treasury information demonstrated them discarding a net US$972 million of New York Stock Exchange (NYSE ) offers amid that period.
The information likewise indicated Singapore-based buys in the second from last quarter added up to a net US$3.6 billion, so some component of "benefit taking'' drove the deals.
Other Asian speculators additionally appeared to do in like manner. They all in all sold a net US$4 billion in US values October-December 2016, after a net buy of US$1.3 billion in the previous quarter.Hong Kong financial specialists, who exchanged a net US$3 billion of the stocks in the last quarter of the year, represented the greater part of the Asian deals in that period. They discarded a considerably greater lump - US$4.9 billion - of shares in the US securities exchange in the quarter some time recently.
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