Latest / Your Way Home with Hongbin Jeong
Market View: Asian shares up, oil down after Trump announces Israel-Iran ceasefire; Trump says US interest rates should be lowered by at least 2 to 3 percentage points, Fed Chair Jerome Powell’s testimony before Congress in focus; Jensen Huang starts selling Nvidia’s stock under US$865M plan; OCBC, Lum Chang to watch
Singapore shares went up today even as investors remained laser focused on the situation in the Middle East. The Straits Times Index was up 0.4% at 3,894.86 points at 1.33pm Singapore time, with a value turnover of S$668.91M seen in the broader market. In terms of companies to watch, we have OCBC. That’s after the lender said yesterday that it has no intention to convert its Class C non-voting Great Eastern shares into ordinary shares when they come up for conversion in five years as this will result in the insurer losing its free float again. Elsewhere, from easing fears of an energy…
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