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Latest / Your Way Home with Hongbin Jeong

Market View: Conflicting signals on situation in the Middle East – how are global investors taking in the news?; Oil price outlook in focus; Alibaba unveils new chip design to meet surging demand for AI; Japan’s inflation slips below BOJ’s target for the first time since 2022; Mixue reports 33% jump in profit; Singtel to watch

Singapore shares traded in the positive territory today, in line with movements seen in the region. The Straits Times Index was up 0.51% at 4,865.95 points at 2.27pm Singapore time, with a value turnover of S$1.10B seen in the broader market. In terms of companies to watch, we have Singtel, after the local telco last afternoon was hit with more than 9,700 user reports of a disruption on Downdetector, after three consecutive days of issues last week. Elsewhere, from how investors are reading into the mixed signals from the US and Iran on the war in the Middle East, to how Japan’s key…

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