Latest / Your Way Home with Hongbin Jeong
Market View: US latest crackdown on China’s economy; PBOC chief signals support for China’s economy; STI hits 3,800 mark; ExxonMobil reportedly mulling sale of Singapore gas stations; Yangzijiang Shipbuilding secures another US$2.6b in contracts, woes surrounding Dasin Retail Trust
Singapore shares were up more than 1 per cent this afternoon, as China’s central bank reiterated plans to boost the economy to promote growth in 2025. The benchmark Straits Times Index (STI) advanced 1.1 per cent, to 3,793.46 points as at 1.23 pm as 716 million shares changed hands in the broader market. In terms of companies to watch today, we have Yangzijiang Shipbuilding, after the maritime vessel maker announced yesterday that it had secured another US$2.6 billion in shipbuilding contracts, taking its order wins to US$14.3 billion in the year to date. Elsewhere, from more on China’s…
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