Market View: Cosco Shipping International’s JV with Supply Fortune to invest in logistics infrastructure assets; Lian Beng’s new construction project bumps order book in Singapore to S$2.1b; Fed Chair Jerome Powell’s testimony before the Senate Banking Committee; Exchange with Senator Elizabeth Warren on impact of hikes on unemployment

Your Way Home with Hongbin Jeong · Mar 8, 2023 · 10m

Singapore shares started the day in the negative territory, after interest rate hike fears spread across global markets overnight. The Straits Times Index (STI) was down 0.3 per cent in early trade to 3,235.95 points after 186.9 million securities changed hands. Some companies seeing new developments include Cosco Shipping International, which formed a joint venture with its associate, Supply Fortune, to invest in logistics infrastructure assets. Meanwhile, investors continue to sieve through details from US Federal Reserve Chair Jerome Powell’s hawkish comments before the Senate Banking…