Market View: Fed Chair Jerome Powell’s testimony; Over 75% of S-Reits saw DPU fall on-year; Great Eastern on minority shareholder’s proposed resolution; Wing Tai’s US$1b debt issue; China’s exports grew much faster than expected; Google’s changes to meet EU tech rules; Bitcoin prices briefly crosses US$69,000 mark

Your Way Home with Hongbin Jeong · Mar 7, 2024 · 14m

Singapore shares rose at the opening bell this morning, tracking overnight gains in global markets. In early trade, the Straits Times Index (STI) gained 0.1 per cent to 3,139.17 points after 25.7 million securities changed hands in the broader market. In terms of companies to watch, we have Great Eastern. The insurer said a recent request by a minority shareholder to table resolutions at its upcoming annual general meeting (AGM) “does not satisfy all of the requirements” for a requisition to be moved. Meanwhile, from comments by Fed Chair Jerome Powell at his testimony before lawmakers to the…