Latest / Your Way Home with Hongbin Jeong
Market View: What Nvidia, chip titans can tell us about big tech AI spending, AI rally; Fed Mary Daly, Thomas Barkin on interest rates; Oil prices movement; SGX counters Silverlake Axis, RE&S, privatisation, and reviving interest on SGX and more
Singapore shares were little changed this morning after previously ending higher on Federal Reserve chair Jerome Powell’s Jackson Hole comments signalling a September rate cut. In early trade, the Straits Times Index (STI) was down slightly by 0.01 per cent, to 3,395.75 points after 36.6 million securities changed hands in the broader market. In terms of developments to watch, we have Silverlake Axis. The enterprise technology company has received a voluntary unconditional offer to go private at S$0.36 per share in cash. Alternatively, shareholders may choose to receive a combination of cash…
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