Market View: SIA’s June operating results; Geely to invest US$10b in Malaysia; Lendlease to cut 740 jobs globally; World Bank president Ajay Banga’s plans to make its “balance sheet work harder”; US chip makers and officials discuss China policy

Your Way Home with Hongbin Jeong · Jul 18, 2023 · 10m

Singapore stocks struggled to advance today following a mixed performance in global equity markets. In early trade, the Straits Times Index (STI) fell 0.1 per cent to 3,251.48 points after 68.9 million securities changed hands in the broader market. In terms of companies to watch, we have Singapore Airlines, after the national carrier announced its June operating results last evening. The group carried 2.9 million passengers on a group level in June, up 50.4 per cent from a year ago. Elsewhere, from US chip companies and Biden administration officials discussing its China chip policy to…