Latest / Your Way Home with Hongbin Jeong
Market View: Is the slide in Nvidia’s shares warranted?; 94th birthday present for Warren Buffett; SGX earnings - Prudential and PEC; Will S-Reits outshine banks with Fed rate cuts; China’s empty office glut supercharges Hilton’s expansion plans
Singapore shares slumped at the opening bell today after global equities ended mixed overnight. In early trade, the Straits Times Index (STI) was down 0.1 per cent to 3,386.25 points after 25.4 million securities changed hands in the broader market. In terms of companies to watch, we have Prudential. Its new business profit – a measure of profitability for insurance businesses – fell 1 per cent to US$1.47 billion on an actual exchange rate basis for the first half ended June. Elsewhere, from whether Nvidia is bearing the brunt of being too good, to Berkshire Hathaway hitting US$1 trillion in…
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