Latest / Your Way Home with Hongbin Jeong
Market View: S&P500’s record-high close; Terralab’s Chapter 11 Bankruptcy filing; China’s chip machinery imports soars to almost US$40b; Nvidia’s CEO Jensen Huang’s first visit to China in four years; Nikkei share average rallies to fresh 34 yr peak; Jumbo Group’s share buyback mandate, Silverlake Axis’s offer
Singapore stocks were pulled into positive territory today, after Wall Street equities rallied in the previous session. In early trade, the Straits Times Index (STI) rose 0.2 per cent to 3,157.22 points after 43.6 million securities changed hands in the broader market. In terms of companies to watch for today, we have Jumbo Group, after its shareholders approved the renewal of the restaurant operator’s share buyback mandate. Elsewhere from China buying a near-record US$40 billion of chip gear to get around US curbs, to Terraform Labs filing for bankruptcy protection in the US, more…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.