Market View: Nio prices US$1b convertible note offering; Huawei Technologies unit reportedly shipping new Chinese-made chips; Arm Holdings marks third daily decline; Will officials intervene to support the yen - implications for Singapore?

Your Way Home with Hongbin Jeong · Sep 20, 2023 · 11m

Singapore shares were little changed at the day’s open, tracking a subdued performance in Europe and overnight losses on Wall Street. That’s as investors nervously await the Federal Reserve’s next decision. The Straits Times Index (STI) edged up 0.04 per cent to 3,242.09 points in early trade after 31 million securities changed hands in the broader market. In terms of companies to watch for today, we have Nio, after the electric vehicle maker announced today the pricing of its US$1 billion convertible note offering. Elsewhere, from a Huawei Technologies unit reportedly shipping new…