Latest / Your Way Home with Hongbin Jeong
Market View: Trump vows to slap 10% tariffs on China, 25% tariffs on Mexico and Canada; Asian markets’ reactions; Qualcomm’s interest to buy Intel reportedly cooled; Singapore’s factory output up 1.2% yoy in Oct and more
Singapore stocks were trading lower today, after US president-elect Donald Trump said he would impose an extra 10 per cent tariff on Chinese goods. As at noon, the Straits Times Index (STI) was down 0.3 per cent to 3,720.24 points after 645.8 million securities changed hands in the broader market. In terms of companies to watch for today, we have Sats, because the in-flight caterer and ground handler intends to divest 49 per cent of its interest in its Saudi Arabia cargo-handling subsidiary for S$52.6 million to a private limited company incorporated in the kingdom. Elsewhere, from more on…
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