Latest / Your Way Home with Hongbin Jeong
Market View: Trump slaps new US tariffs on drugs, trucks and furniture, 100% duties on branded drugs; Asian markets down on better-than-expected US GDP numbers, Fed rate uncertainties, and US tariff threats; Singapore factory output slumps 7.8% in August; SingPost, Sheng Siong to watch
Singapore shares were little moved as most Asian markets traded lower today. The Straits Times Index was 0.04% in the green at 4,275.62 points at 2.39pm Singapore time, with a value turnover of S$791.57M seen in the broader market. In terms of counters to watch, we have Singapore Post. The postal service provider said yesterday that it has named Mark Chong as its group chief executive officer, with his appointment effective Nov 1. Elsewhere, from how Singapore factory output decreased 7.8 per cent year on year in August, missing expectations, to US President Donald Trump’s new tariffs…
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