Latest / Your Way Home with Hongbin Jeong
Market View: Change in Trump’s stance on Fed Chair Jerome Powell, trade with China; STI performance on Nomination Day; IMF projects global growth to slow to 2.8% in 2025 – poorest showing since Covid-19 pandemic; Intel reportedly poised to cut over 20% of staff; Tesla reports 71% drop in Q1 profits; S-Reits, Keppel Reit in focus
Singapore shares rallied today alongside regional gains seen in Asia. The Straits Times Index was up 1.02% at 3,833.95 points at 12.20pm Singapore time, with a value turnover of S$731.19M in the broader market. In terms of counters to watch, we have Keppel Real Estate Investment Trust, after the Reit manager reported today a net property income growth of 13.3 per cent year-on-year to S$54.6 million in Q1 of 2025. Meanwhile, developments in the US remain in focus given a change in stance by the Trump administration on the Federal Reserve and on trade with China. That’s as US President…
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