Market View: Temasek sells 1.85% stake in SIA; China’s factory activity contracted for third straight month in June; SHEIN denies US IPO; Nike’s guidance falls below estimates; Airbnb disputes viral tweet on revenue for US property owners; Pokemon Go’s Niantic closing LA game studio, cancels NBA and Marvel titles

Your Way Home with Hongbin Jeong · Jun 30, 2023 · 11m

Singapore shares started trading in positive territory today largely mirroring global markets. In early trade, the Straits Times Index (STI) was up 0.4 per cent at 3,220.16 points after 109 million securities changed hands across the broader market. In terms of companies to watch today, we have Singapore Airlines, after news emerged that Temasek is selling around S$400 million worth of shares, or a 1.85 per cent stake, in the national carrier as a portfolio rebalancing act. Meanwhile, from Nike’s earnings to SHEIN denying a US lPO more companies continue to be in focus. Also on our agenda…