Latest / Your Way Home with Hongbin Jeong
Market View: Rex International, RH Petrogas performance on SGX amid fears over oil supplies; DBS’ fourth disruption in 2023; China tightens rules on short selling to boost markets; J&T Express to raise up to HK$3.92b in second largest HK IPO; EV maker VinFast Auto to aggressively move into Southeast Asian markets
Singapore stocks opened weaker today following a global retreat last Friday as traders worried over inflation as well as the Israel-Gaza conflict. In early trade, the Straits Times Index (STI) headed down 0.5 per cent to 3,171.26 points after 44.2 million securities changed hands in the broader market. In terms of companies to watch for today, we have DBS. That’s as the bank said all of its banking services resumed last morning after over 12 hours of disruptions to its digital, ATM and payment functions, which began on Saturday afternoon. Elsewhere from China’s efforts to prop up its economy…
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