Market View: Singapore’s Sep NODX; SIA posts 24.8% yoy rise in passenger traffic vs MYAirline’s collapse; Country Garden’s offshore debt, risks of default; TSMC set to report 30% slump in Q3 profits; Rolls-Royce reportedly set to cut 2,500 jobs

Your Way Home with Hongbin Jeong · Oct 17, 2023 · 10m

Singapore shares traded higher this morning, following news that the city-state’s key exports in September contracted by a narrower 13.2 per cent year on year. That’s compared with the 22.5 per cent slump in the previous month. In early trade, the Straits Times Index (STI) rose 0.7 per cent to 3,185.63 points after 71.1 million securities changed hands in the broader market. In terms of companies to watch for today, we have Singapore Airlines, after the national carrier posted a 24.8 per cent year-on-year increase in passenger traffic in September 2023, as demand for air travel remained…