Latest / Your Way Home with Hongbin Jeong
Market View: Chinese property woes on SGX-listed property players; China’s 1t yuan government bond issuance and HK equity performance today; Yuan movements; Spike in US Treasury yields and impact on USD
Singapore stocks started off strong in early trade today, following overnight gains in global markets. In early trade, the Straits Times Index (STI) rose 0.4 per cent to 3,212.01 points after 44.1 million securities changed hands in the broader market. In terms of sectors to watch, we have the property sector after Chinese property developer Yanlord Land Group said yesterday that it recorded an 83.2 per cent on-year drop in total contracted presales from residential units, commercial units and car parks for the first nine months of the year. Elsewhere from talks that China is considering a…
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