Latest / Your Way Home with Hongbin Jeong
Market View: Lookahead to ECB’s rate decision, Adobe’s earnings; US August CPI lowest since Feb 2021 on annual basis; Hawkish BoJ policymaker calls to raise rates to at least 1%; China on securing EV tech; Hanwha makes offer for Dyna-Mac and more
Singapore shares began trading in positive territory today, tracking overnight gains in global markets. In early trade, the Straits Times Index (STI) advanced 0.6 per cent to 3,553.59 points after 55.7 million securities changed hands in the broader market. In terms of companies to watch, we have Dyna-Mac. That’s after South Korean company Hanwha has launched a voluntary conditional cash offer through a special-purpose company to take management control of Dyna-Mac at S$0.60 a share. Elsewhere, from a deep dive into comments by a hawkish Bank of Japan policy maker to Chinese carmakers setting…
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