Latest / Your Way Home with Hongbin Jeong
Market View: Markets movements post global rout; Nikkei 225 up 10.24%; SGX movements; Sembcorp Industries earnings down 11% drop in net profit; Outlook for pure-play US office REITS in SG; BOJ’s monetary tightening draws criticism; Nvidia hits engineering snags; Co-founder of OpenAI leaves for rival Anthropic
Singapore equities began trading in positive territory today, following a global market rout with all three major Wall Street indices spending the entire day in the red. In early trade, the Straits Times Index (STI) rose 0.8 per cent to 3,268.46 points, after 63.4 million securities changed hands in the broader market.In terms of companies to watch, we have Sembcorp Industries after the energy company today posted an 11 per cent fall in net profit to S$540 million for the first half ended June, from S$608 million in the previous corresponding period. Elsewhere, from how regional markets are…
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