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Market View: Tech giants report earnings - did they meet expectations?
The STI opened in the green at 3,824 points. Local earnings paint a mixed picture as CapitaLand Investment’s revenue slides 24% on the back of Ascott Trust’s deconsolidation, while Mapletree Industrial Trust holds DPU steady despite a slight 1.2% drop in revenue. Earnings from major tech names drive global sentiment - Apple beats expectations but warns of a US$900 million tariff headwind, while Amazon posts strong top-line numbers amid slower cloud growth and rising cost concerns. Microsoft and Meta also report, but markets remain cautious despite revenue growth, as investors…
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