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Market View: Trump allows Nvidia to export advanced AI chips to China; Asian markets down amid jitters about Fed rate trajectory; Reserve Bank of Australia holds cash rate at 3.6 per cent; Google’s first AI glasses with Gemini to arrive in 2026; OCBC to watch
Singapore shares nudged higher today, as investors’ focus remained on the US interest rate outlook. The Straits Times Index was up 0.12% at 4,512.30 points at 1.54pm Singapore time, with a value turnover of S$499.27M seen in the broader market. In terms of counters to watch, we have OCBC, after the bank’s mezzanine capital unit announced that it has invested in the development of a US$1.5 billion low-carbon steel plant in Malaysia’s Sabah state, scheduled for commissioning by 2030. Elsewhere, from how US President Donald Trump said he had reached an agreement with Chinese…
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