The Straits Times Index saw its first monthly loss for 2021 in May -- stalling the Singapore benchmark's impressive start to the year, as Singapore introduced its tightest social restrictions since last year's circuit breaker to contain rising COVID-19 infections. Kelvin Tay, Regional CIO for UBS Global Wealth Management, is still positive on both Singapore markets, but does think that vaccination rollouts will be key for investors moving forward.

<p>The Straits Times Index saw its first monthly loss for 2021 in May -- stalling the Singapore benchmark's impressive start to the year, as Singapore introduced its tightest social restrictions since last year's circuit breaker to contain rising COVID-19 infections. Kelvin Tay, Regional CIO for UBS Global Wealth Management, is still positive on both Singapore markets, but does think that vaccination rollouts will be key for investors moving forward.</p>

Advertisement