Latest / Your Way Home with Hongbin Jeong
Market View: Singtel to further cut emissions; Novo Tellus SPAC to not conclude business combination; Fraser Property’s majority owners on company, asset sale; LVMH said to team up with TikTok to limit counterfeit; Google’s layoffs in digital assistant, hardware teams; US December CPI
Singapore stocks opened stronger today. That’s following overnight gains in global equity markets, as investors await key US inflation data due this week. In early trade, the Straits Times Index (STI) headed up 0.3 per cent to 3,190.48 points after 49.2 million securities changed hands in the broader market. In terms of companies to watch, we have Novo Tellus Alpha Acquisition. The special purpose acquisition company (or Spac) said today that it would not conclude a business combination after “careful consideration and thorough evaluation of potential targets”, citing current market…
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