If this region is not safe, funds will flee these markets and go to Singapore, which is seen as a safe haven.
Singapore's property market hasn't recovered compared to other cities in this region. We are way behind in the recovery cycle for property.
The bank shares have gone up ahead of their earnings results, and the government-linked stocks are higher ahead of the budget.
The index can't seem to break the 2,450-point level. Gains are getting smaller and people take profits when they can, without holding their positions for too long.
The index had crossed its 2,500 resistance quite easily (recently) and is bound to retrace as easily.
Ahead of the elections we should touch 2,500 (on the index).