Latest / Your Way Home with Hongbin Jeong
Market View: Tech-led sell off on Wall Street, NASDAQ, S&P 500’s worst session since 2022; LVMH Q2 sales and Bernard Arnault’s wealth; S-Reit Earnings; SK Hynix’s highest quarterly profit since 2018
Singapore shares started trading in negative territory today, mirroring overnight losses in the global market. The Straits Times Index (STI) opened 0.6 per cent lower at 3,441.94 points after 41.4 million securities worth S$48.3 million changed hands. In terms of companies to watch, we have Mapletree Logistics Trust. The trust’s distribution per unit (DPU) fell 8.9 per cent to S$0.02068 (2.068 Singapore cents) for its first quarter ended June. Elsewhere, from the tech-fuelled sell-off on Wall Street overnight to SK Hynix posting its highest quarterly profit since 2018, more international…
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