Market View: US Financial Stability Oversight Council flagged risks posed by AI for the first time in report; China’s home prices and retail sales; Keppel DC Reit’s Chinese subsidiary issues letter of demand to tenant; Manulife US Reit’s unitholders voted overwhelmingly in favour or recapitalisation plan

Your Way Home with Hongbin Jeong · Dec 15, 2023 · 8m

Singapore stocks opened muted today amid a mixed performance among index counters. That is in contrast with global markets, which finished higher overnight. In early trade, the Straits Times Index (STI) headed down 0.04 per cent to 3,121.85 points, after 93.4 million securities changed hands in the broader market. In terms of companies to watch today, we have Keppel DC Reit. That’s as the Reit’s Chinese subsidiary has issued a letter of demand to its tenant of three data centres in Guangdong, to recover 48.3 million yuan (S$9.1 million) of late rentals, interests and taxes. Meanwhile from…