Surprise policy tightening moves announced by central banks in Singapore and the Philippines signal Asia is now fully awake to the threat of accelerating inflation and is playing catch up with its global peers.
Analysts in the region recommend a number of strategies that investors can take in response to the increasingly hawkish environment, including favouring the Singapore dollar, dividend stocks and the Thai baht. Conversely, they are generally bearish toward assets in Indonesia and the Philippines.
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