Market View: Keppel Corp’s acquisition of Bank of Korea’s Sogong Annex Facility; China’s lending rates; Apple testing ‘AppleGPT’; China’s lending rates, cross-border financing rules; Alibaba injects US$845 into Lazada; Netflix earnings

Your Way Home with Hongbin Jeong · Jul 20, 2023 · 12m

Singapore shares started the morning in positive territory today, following overnight gains in the US and Europe markets. In early trade, the Straits Index Index (STI) headed up 0.2 per cent at 3,280.56 points as 44.8 million securities changed hands in the broader market. In terms of companies to watch, we have Keppel Corporation. That’s after the company said today that its private funds acquired the Bank of Korea’s Sogong Annex Facility, which is located in Seoul’s Central Business District. The move brings the conglomerate’s South Korean portfolio to 2.6 trillion won (S$2.6 billion)…