61. Singapore stocks rose, led by Singapore Telecommunications Ltd. and other large stocks, as investor concerns about rising interest rates and weak currencies in Southeast Asia waned.
62. Some also cited weak currencies in Asia as a threat to both countries.
63. Some exporters like it because a weak currency gives Canadian exports a price advantage in foreign markets.
64. Some fund managers said Hong Kong stocks were also affected by concern that weak Asian currencies and economic growth may trim corporate earnings.
65. Singapore stocks rose yesterday, led by Singapore Telecommunications Ltd. and other large stocks, as investor concerns about rising interest rates and weak currencies in Southeast Asia waned.
66. Some, like Newcrest Mining Ltd. of Australia, locked in higher prices from long-term sales agreements and benefit from weak home currencies against the U.S. dollar.
67. Some say abandoning a weak currency in favor of the dollar could shore up confidence.
68. Some companies say they have more pressing issues, such as rising raw-materials costs and weak foreign currency.
69. Still, the weak currency could push bond prices down and yields up, since it indicates investors have less of an appetite for U.S. securities.
70. Stocks in most Asian markets fell on concern weak currencies will slow economic growth and corporate profits.