Hanoi, May 21 -- Singapore has surpassed Indonesia to become Southeast Asia's largest stock market by market capitalisation as investors increasingly seek safe-haven assets amid mounting concerns over Indonesia's economic outlook and market stability.
According to data compiled by Bloomberg, the total market capitalisation of companies listed in Singapore has reached 645 billion USD, while Indonesia's stock market value has fallen more than 30% from its January 2026 peak to around 618 billion USD.
Singapore's stock market has benefited from strong political and economic stability, along with a series of government-led reforms aimed at revitalising the financial market. This week, the Straits Times Index hit a record high as investors turn...