Latest / Your Way Home with Hongbin Jeong
Market View: Last look at expectations ahead of Fed decision - 25bps or 50 bps; Meta reportedly facing hefty fine in EU; Chanel buys building in Paris shopping district; China’s MLF; Lippo Malls Indonesia Retail Trust’s credit ratings and more
Singapore stocks began trading in the negative territory today, although global equities largely rose overnight. In early trade, the Straits Times Index (STI) fell 0.5 per cent to 3,576.13 points after 46.4 million securities changed hands in the broader market. In terms of companies to watch, we have Sembcorp. That’s after Sembcorp said yesterday that Sembcorp Utilities agreed to acquire a 30 per cent interest in energy supplier Senoko Energy for an undisclosed sum. Elsewhere, from a pivot in Salesforce’s artificial intelligence strategy to Meta reportedly facing hefty EU antitrust fines…
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