Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Two Things You Must Know About The Straits Times Index

Many traders and investors do not realize how important the Singapore stock markets are these days. Lately, the Nikkei 225 Index (Japan) has been dominating the headlines as that index makes new 52 week highs on a daily basis. The Shanghai Index (China) also receives a lot of attention by investors as China has become a manufacturing powerhouse over the past 10 years. What most people do not realize is that the Singapore markets are also extremely important and should be followed.

1. Singapore has become a major financial hub in Asia. Many hedge funds and other large financial institutions are now based in Singapore. There are also many wealthy individuals such as famed investor Jim Rogers and others have relocated to the area. In 2011, Facebook co-founder Eduardo Saverin renounced his U.S. citizenship. This move saved him hundreds of millions of dollars in taxes from the Facebook initial public offering. After all, Singapore does not have a capital gains tax, this makes the country very attractive for wealthy individuals.

2. The FTSE Straits Times Index (NYSE:STI) is a capitalization-weighted stock market index that is regarded as the benchmark index for the Singapore stock market. It tracks the performance of the top 30 companies listed on the Singapore Exchange. Below is a list of the 30 stocks in the Straits Times Index.

Capitaland Ltd
CapitaMall Trust
CapitaMalls Asia Ltd
City Developments Ltd
Comfortdelgro Corporation Ltd
DBS Group Holdings Ltd
Singapore PLC
Global Logistic Properties Ltd
Golden Agri-Resources Ltd
Hongkong Land Holdings Ltd
Port Holdings Trust
Jardine Cycle & Carriage Ltd
Jardine Matheson Holdings Ltd
Jardine Strategic Holdings Ltd
Keppel Corporation Ltd
Noble Group Ltd
Olam International Ltd
Oversea-Chinese Banking Corporation Ltd
Sembcorp Industries Ltd
Sembcorp Marine Ltd
SIA Engineering Co Ltd
Singapore Airlines Ltd
Singapore Exchange Ltd
Singapore Press Holdings Ltd
Technologies Engineering Ltd
Singapore Telecommunications Ltd
StarHub Ltd
Thai Beverage PCL
United Overseas Bank Ltd
Wilmar International Ltd

Nicholas Santiago
InTheMoneyStocks.com