Latest / Your Way Home with Hongbin Jeong
Market View: Last lookahead to US May CPI, Fed’s June decision; China’s May inflation, Apple nearly overtake Microsoft as world’s most valuable company on AI announcements, Oracle’s deals with Google, OpenAI; Raspberry Pi’s IPO and more
Singapore equities started the morning on a strong footing, amid mixed global performance overnight. In the morning, the Straits Times Index (STI) opened 0.3 per cent higher at 3,320.48 points after 55.6 million securities changed hands in the broader market. In terms of companies to watch, we have Yoma Strategic. The firm had responded to Singapore Exchange Regulation’s queries on the unusual trading activity of its shares, noting that it was unaware of any reasons for such trading. Elsewhere, from more on China’s May inflation numbers and how Apple shares hit a record high in the previous…
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