Market View: Fed Chair Jerome Powell “will not hesitate” to hike rates; OCBC’s net profit up 21.4%; ST Engineering, First Resources; Meta Platforms reportedly struck deal with Tencent to sell VR headsets in China

Your Way Home with Hongbin Jeong · Nov 10, 2023 · 10m

Singapore shares began trading in negative territory today, tracking overnight losses on Wall Street. In early trade, the Straits Times Index (STI) was down 0.6 per cent to 3,116.28 points after 72.7 million securities changed hands in the broader market. In terms of companies to watch today, we have OCBC, after it reported a 21.4 per cent rise in net profit for the third quarter. That’s supported by record growth in net interest income and higher non-interest income. Elsewhere from ST Engineering and First Resources. to Meta striking a deal with Tencent to sell VR headsets in China, more…