Singapore tightens monetary policy as energy shock hits Asia
Trade-dependent nation vulnerable to sharp increases in oil and gas prices
Trade-dependent nation vulnerable to sharp increases in oil and gas prices

Investors are picking winners and losers based on economies’ exposure to inflationary surge

Energy shock intensifies fears that global economy faces prolonged period of higher inflation

Measures undertaken by vulnerable economies may be only the start of things to come

Traders warn of further jump in prices and ‘huge pain’ as economies cut consumption

Disruption to commodities far beyond oil and gas will have a long-lasting impact

Reductions in energy levies come despite IMF warning against ‘untargeted’ support