Latest / Your Way Home with Hongbin Jeong
Market View: India’s 2024 manufacturing outlook; Tencent, Chinese rivals on signs of Beijing tamping down a backlash against harsh new regulations; US market outlook and growth outside “Magnificent Seven” stocks; Apple, Samsung and Generative AI; Mickey Mouse’s initial copyright expires
Singapore stocks opened weaker today following overnight losses in the US and Europe after technology stocks took a beating. In early trade, the Straits Times Index (STI) headed down 0.8 per cent to 3,204.07 points, after 83.7 million securities changed hands in the broader market. Regional and international headlines are in focus today. Among which is the outlook for India’s manufacturing industry, after it ended 2023 on a slightly shaky footing. That’s with factory growth decelerating to an eighteen-month low in December. Also on the table , the outlook for the US market and whether we can…
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