Market View: SIA, Scoot May passenger numbers up 65.8% yoy; Jardine C&C and Carro announces partnership worth over US$60m; Banks lower China’s 2023 GDP growth forecasts; Micron to invest US$603m in Xi’an; Tesla’s expansion hitting speed bump in China amid industry overcapacity

Your Way Home with Hongbin Jeong · Jun 16, 2023 · 11m

Singapore shares opened higher today, following strong overnight gains on Wall Street. The Straits Times Index (STI) notched up 0.3 per cent to 3,252.18 points in early trade as 54.9 million securities changed hands in the broader market. In terms of companies to watch today, we have Singapore Airlines. The national carrier and its budget counterpart Scoot served 2.8 million passengers in May, a year-on-year increase of 65.8 per cent. Meanwhile, from Singapore’s key exports showing a larger-than-expected drop to the Bank of Japan keeping ultra-low interest rates, major economic developments…