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Singapore State Investor Temasek Focuses on U.S. After China ‘Underperformance’

Jakub Porzycki / NurPhoto via AFP

Singapore state investor Temasek, one of the world’s top funds, said on Tuesday it would prioritize investments in the United States after the “underperformance” of Chinese capital markets over the past year.

Temasek said its net portfolio value rose 1.8% in the financial year to March 31, with growth hit by sluggish Chinese markets.

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