Latest / Your Way Home with Hongbin Jeong
Market View: China’s spending plans fell short of expectations, investors return from Golden Week Holiday; Foxconn building world’s largest Nvidia superchip facility; Short sentiment weighs on SGX-listed semiconductor plays and more
Singapore shares began the day in the positive territory after US equities fell overnight. In early trade, the Straits Times Index (STI) was up 0.1 per cent at 3,603.41 points after 88.5 million securities changed hands in the broader market. In terms of companies to watch, we have enterprise technology company Silverlake Axis. Silverlake Axis said last evening that it lost its free float as less than 10 per cent of its shares are publicly held and that it no longer meets the Singapore Exchange free-float requirement. Elsewhere on how semiconductor plays in Singapore are stumbling amid rising…
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