Market View: Sabana Reit’s EGM and Quarz Capital; Bytedance launches new music streaming service; Samsung’s likely 96% plunged in 2Q operating profits; Chinese authorities likely to impose at least a 8b yuan fine on Ant Group; Elon Musk vs Mark Zuckerberg - Thread and Threats; Janet Yellen in Beijing

Your Way Home with Hongbin Jeong · Jul 7, 2023 · 13m

Singapore shares started trading in negative territory today mirroring the slump in global markets. In early trade, the Straits Times Index (STI) was down 0.2 per cent at 3,144.26 points as 27.4 million securities changed hands across the broader market. In terms of companies to watch today, we have Sabana Reit – more issues surrounding its relationship with investor Quarz Capital and the Reit’s upcoming EGM. Elsewhere from Bytedance launching a new music streaming service in Brazil and Indonesia to Samsung reporting a likely 96% plunge in second quarter operating profits, we’ve got more…