US STIMULUS

Biden's US$1.9t stimulus bill a major catalyst for Singapore's recovery

Market watchers say rescue package could boost local exports and lift cyclical stocks; but there are risks, too, as inflation expectations rise

Singapore

US President Joe Biden's US$1.9 trillion stimulus bill, due to be signed on Friday, could boost local exports and lift cyclical stocks, market watchers said.

Singapore, with an externally oriented economy and an equity market heavily weighted with cyclical counters such