Singapore's high-yield stocks gain from tariff-induced flight to safety
(Reuters) -As reverberations from U.S. President Donald Trump's tariffs are felt across markets, investors are increasingly gravitating toward Singapore's high-yield, defensive companies, including telecom firms, pivoting away from old favourites such as banks. Singapore's benchmark index has proved resilient in the face of the back-and-forth tariff salvos, eking out a small gain for the year and faring better than regional peers as investors hunt for safe bets during the market tumult. "Singapore is a high-yield market, which is going to be interesting and defensive in these times," said Kenneth Tang, senior portfolio manager at Nikko Asset Management.