Market View: US JOLTS report, job openings fall to over 2.5 year low; Yellen’s comments on economists’ prediction on high unemployment; China’s blue chip stocks hit 5-year lows on Moody's cut to China’s credit outlook; Nio deeper into the red, works on further cost cutting

Your Way Home with Hongbin Jeong · Dec 6, 2023 · 10m

Singapore stocks opened slightly lower today after global equities closed largely on a positive note. In early trade, the Straits Times Index (STI) was down 0.1 per cent to 3,074.93 points after 21.2 million securities changed hands in the broader market. In terms of companies to watch for today, we have Nio. The electric vehicle player sank deeper into the red with a net loss of 4.6 billion yuan (S$868.7 million) for the third quarter of FY2023. Elsewhere from US job openings falling to a more than two-and-a-half year low in October to China blue-chip stocks hitting 5-year lows, more…