Singapore Evening Wrap: Markets Hit Record Highs as JPMorgan Eyes 7,000 STI

JPMorgan raised its target for the Straits Times Index to 7,000, citing robust economic growth and a narrowing valuation gap with developed markets. Meanwhile, Senior Minister Lee Hsien Loong defended Singapore's political institutions at a book launch, and US Ambassador to ASEAN Kevin Kim reaffirmed that Southeast Asia remains a 'clear priority' for Washington.

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JPMorgan Raises Bull-Case Target for Singapore Stocks to 7,000

• What happened: JPMorgan...