Singapore REITs with China exposure surged as stimulus measures lifted sentiment. Gains were led by BHG REIT, CapitaLand China Trust, and Sasseur REIT.
What happened?
An index of Singapore REITs closed slightly higher compared to the previous week, as improved sentiment towards REITs with China exposure lifted the sector.
The CSOP iEdge S-REIT Leaders Index ETF closed at S$0.823, gaining 0.9% from its close in the previous week of $0.816.
Singapore REITs with China assets led the gains following the announcement of significant stimulus measures to lift the economy. Gains were led by BHG REIT, CapitaLand China Trust, and Sasseur REIT.
On the other hand, REITs with US exposure saw some profit-taking following gains in previous weeks, with losses led by ARA US Hospitality Trust, Keppel Pacific Oak US REIT and Prime US REIT.
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