Latest / Your Way Home with Hongbin Jeong
Market View: China pledges to stabilise markets after rout; Freefall in Alibaba’s shares; McDonald’s said to open 1,000 more outlets in China; DPU of CapitaLand Integrated Commercial Trust, Paragon Reit; UBS Q4 earnings beat expectations amid acquisition of Credit Suisse; US, Europe banking sector outlook
Singapore stocks began trading in negative territory this morning, following overnight losses in global equity markets. In early trade, the Straits Times Index (STI) declined 0.2 per cent to 3,128.97 points after 112 million securities changed hands in the broader market. CapitaLand Integrated Commercial Trust is in focus today after it posted a distribution per unit (DPU) of S$0.0545 (5.45 Singapore cents) for the second half ended December 2023, up 1.7 per cent from the previous corresponding period. Meanwhile from McDonald’s deepening its presence in China to more on e-commerce giant…
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