Latest / Your Way Home with Hongbin Jeong
Market View: Trump fires top Labor Department official on market-shocking weak US non farm payrolls reading; BYD shares fell in Hong Kong on sputtering monthly sales growth; Oil prices extend declines as Opec+ agrees to hike output in September; CDL to watch; SG and global earnings in focus
Singapore shares moved higher today amid mixed trading in Asia as investors mulled the impact of new US tariffs. The Straits Times Index was up 0.82% at 4,188.02 points at 2.23pm Singapore time, with a value turnover of S$865.44M seen in the broader market. In terms of companies to watch, we have City Developments Ltd, after its executive chairman Kwek Leng Beng told The Business Times that his plans are for the group’s portfolio of hotels to reach the 500 mark. Elsewhere, from how BYD shares fell in Hong Kong trading on the back of sputtering monthly sales growth, to US market…
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