Market View: Alibaba to split company into 6 units and impact on China’s tech sector; Vietnam’s Q1 economic growth slowed to 3.32%; US officials signal new rules for banks after banking collapse.

Your Way Home with Hongbin Jeong · Mar 29, 2023 · 9m

Singapore stocks opened lower today after US markets ended in the red overnight. In early trade, the Straits Times Index fell 0.2 per cent to 3,247.88 points, after 82.1 million securities changed hands in the broader market. In terms of notable developments for the day, trading for the Alibaba five times short daily leveraged certificates (DLCs) listed on the Singapore Exchange (SGX) has been momentarily suspended as the airbag mechanism was triggered. The move came after Alibaba said that it will split its company into six business groups, each with the ability to raise outside funding and…