Latest / Your Way Home with Hongbin Jeong
Market View: Gold glitters to new high amid questions over Fed’s independence, trade uncertainties; US Treasury Secretary Scott Bessent confident that Supreme Court will uphold Trump’s sweeping tariffs; China-led bloc to set up development bank; Chinese margin trades surge to record; Alibaba’s stellar results and movements in Hong Kong’s Hang Seng; DBS, ComfortDelGro, ST Engineering, Nio to watch
Singapore shares were higher today as investors continue to track the outlook for global interest rates. The Straits Times Index was up 0.52% at 4,298.45 points at 2.35pm Singapore time, with a value turnover of S$716.37M seen in the broader market. In terms of counters to watch, we have ST Engineering and ComfortDelGro. That’s after ComfortDelGro became the sole owner of taxi operator CityCab, after acquiring all of ST Engineering Land Systems’ shares for a total purchase consideration of S$116.3 million. Elsewhere, from movements in the Hong Kong Hang Seng after Alibaba’s…
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