Temasek has shown shrewd timing. The Singapore state fund’s $3.6 billion sale of Chinese bank shares could be seen as a big thumb-down for the country’s lenders. After all, Temasek is one of their earliest and biggest foreign investors. But, the muted market reaction suggests Temasek took advantage of a surge in short-sellers who needed to cover their bets. Its surprise move looks more like an opportunistic attempt to run ahead of other potential sellers. Full story
OPINION: Temasek - Run before others - Wei Gu
Temasek has shown shrewd timing. The Singapore state fund’s $3.6 billion sale of Chinese bank shares could be seen as a big thumb-down for the country’s lenders. After all, Temasek is one of their earliest and biggest foreign investors. But, the muted market reaction suggests Temasek took advantage of a surge in short-sellers who needed to cover their bets. Its surprise move looks more like an opportunistic attempt to run ahead of other potential sellers. Full story
