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Latest / Your Way Home with Hongbin Jeong

Market View: S&P 500, Nasdaq closed at new record highs, earnings from GE Vernova, Boeing and Tesla in focus; Asian shares retreated from record highs as investors took profit; Japan’s Nikkei crosses key 60,000 level for the first time; Intel lands Tesla as first major customer for 14A chip technology; Keppel, City Developments Limited to watch

Singapore shares slid today, tracking movements seen in the region. The Straits Times Index fell 1.08% to 4,948.92 points at 11.42am Singapore time, with a value turnover of S$965.25M seen in the broader market. In terms of counters to watch, we have Keppel, after the company today reported slightly lower year-on-year net profit for the first quarter ended March, as lower real estate contributions offset higher earnings from its infrastructure and connectivity segments. Elsewhere, from how the S&P 500 and the Nasdaq closed at new record highs overnight, helped by a strong start to earnings…

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