Market View: Microsoft to take non-voting, observer position on OpenAI’s board; Manulife US Reit down as much as 27.5%; Japan’s Nikkei rallies to best month in 2 years; Real median income in Singapore down 2.3% in 2023; Impact of Fed officials’ comments on interest rates, Chinese factory activity on STI movements

Your Way Home with Hongbin Jeong · Nov 30, 2023 · 12m

Singapore stocks opened weaker today, following heavy losses of the top-traded counter. In early trade, the Straits Times Index (STI) headed down 0.2 per cent to 3,078.74 points after 45.7 million securities changed hands in the broader market. In terms of companies to watch, we have Manulife US Reit. Units fell as much as 27.5% after the counter resumed trading today. Its manager had earlier revealed plans to raise funds through a mix of asset dispositions and a sponsor-lender loan to remedy its financial covenant breach. Elsewhere from Japan’s Nikkei rallying to log its best month in two…