Latest / Your Way Home with Hongbin Jeong
Market View: S&P 500 closes above 5,400 for the first time, Cooler-than-expected US May inflation, Jerome Powell on not cutting rates, Ant Group spent record 21.2 billion yuan on research, Broadcom stock split and more
Singapore equities began trading in positive territory today, as global sentiment remained upbeat after data showed US consumer prices were unexpectedly unchanged in May. The Straits Times Index (STI) opened 0.6 per cent higher at 3,326.33 points after 64 million securities changed hands in the broader market. In terms of companies to watch, we have Mapletree Logistics Trust. The trust’s manager said it will divest its entire equity interest in its wholly foreign-owned enterprise, Mapletree Logistics Warehouse (Xian), for an estimated price of 70.5 million yuan (S$13.1 million). Elsewhere…
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