Market View: China’s central bank yanks yuan off 16-year low against greenback; Seatrium on net proceeds on 2021 rights issue; SK Hynix products found in Huawei’s Mate 60 Pro; Takeaways from G20 Summit in India; Tesla’s Dojo supercomputer may add up to US$500b to firm’s market cap

Your Way Home with Hongbin Jeong · Sep 11, 2023 · 11m

Singapore stocks rose at the open after global markets closed higher last week. In early trade, the Straits Times Index (STI) rose 0.2 per cent to 3,212.45 points after 49.5 million securities changed hands in the broader market. In terms of companies to watch for today, we have Seatrium. The company had said on Friday that it has a balance of S$300 million in net proceeds from its rights issue back in 2021. That’s after S$100 million was recently used to repay a loan facility. Elsewhere from Tesla’s Dojo Supercomputer to what investors should note from the G20 Summit in India - more…