SINGAPORE (June 18): Singaporean companies derive more than half of their total revenues from foreign markets, according to Morgan Stanley Research’s Global Exposure Guide 2018.

The report quantifies the revenue breakdown of companies in the US, Europe, Japan and the emerging markets (EM) to different geographical regions.

In addition, Singapore, Hong Kong and Taiwan companies have the highest exposure to China, accounting for up to more than a quarter of their total revenues.

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