Market View: Trump’s “One Big Beautiful Bill Act” scrapes through Senate; STI strikes above 4,000 points; Asian market movements ahead of Trump’s trade deadline, Tokyo in focus; Alibaba Group adding new data centres in Malaysia, the Philippines; Intel’s new CEO reportedly exploring big change to chip manufacturing business; Yangzijiang Financial, Nio to watch

Your Way Home with Hongbin Jeong · Jul 2, 2025 · 11m

The Straits Times Index (STI) briefly notched a new record of 4,008.15 points today as Singapore draws a rush of investors seeking safe havens from geopolitical risks. This is the second time the benchmark index has crossed the 4,000 point threshold. In terms of counters to watch, we have Yangzijiang Financial. The group released an update today that its proposed spin-off company Yangzijiang (YZJ) Maritime Development has been incorporated as a wholly owned subsidiary in Singapore. Elsewhere, from how US President Donald Trump’s “One Big Beautiful Bill Act” narrowly scraped…