Latest / Your Way Home with Hongbin Jeong
Market View: Federal Reserve’s December meeting minutes; Apple clarifies Siri privacy stance; Asian markets struggle amid tepid lead from Wall Street; China’s consumer prices stall in 2024; Cash offer for Suntec REIT; Tan Chong International expects unrealised loss of HK$29M
Singapore shares started trading in negative territory today, mirroring overnight losses in European markets. The Straits Times Index (STI) opened 0.5 per cent lower at 3,869.13 points after 25.2 million securities changed hands in the broader market. In terms of companies to watch, we have Suntec Real Estate Investment Trust, after property tycoon Gordon Tang and his wife Celine have raised their mandatory conditional cash offer to acquire all units of the Reit to S$1.19 apiece. Elsewhere, from more on China’s consumer prices stalling in 2024 on feeble demand, to minutes from the…
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