Latest / Your Way Home with Hongbin Jeong
Market View: US Federal Reserve’s “beige book” of economic conditions; South Korea’s central bank keeps rates on hold; Intel denies TSMC allegations that executive leaked trade secrets; Alibaba’s new Quark AI glasses; IHH Healthcare, UOB to watch
Singapore shares inched higher today to track gains seen in Asia. The Straits Times Index was up 0.39% at 4,519.06 points at 2.14pm Singapore time, with a value turnover of S$531.05M seen in the broader market. In terms of counters to watch, we have IHH Healthcare, after the healthcare company yesterday posted a net profit of RM616 million (S$194.3 million) for its third quarter ended Sep 30, a 15 per cent increase from RM534 million in the year before. Elsewhere, from how South Korea’s central bank kept interest rates unchanged as widely expected, to how Intel denied allegations by…
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