Singapore US stock trading struggles with low volume
Singapore Exchange faces sluggish early demand for its new US stock depository receipts. Volumes remain extremely low as rival products and unfamiliarity weigh on local investors.
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Singapore Exchange Ltd saw just $2.3 million in SpaceX SDR volume through September 18, highlighting weak demand for 24-hour United States stock trading. The sluggish debut follows July's rollout of American stock offerings in Singapore for Grab, Sea Ltd, and SpaceX. Regional bourses face steep hurdles in capturing round-the-clock trading as global alternatives expand.
