Latest / Your Way Home with Hongbin Jeong
Market View: ST Engineering acquires D’Crypt from Starhub unit; Japanese government reportedly planning to offer tax incentives to boost mass productions in EV, semiconductor devices; Zara, H&M versus Shein; Netflix releases first global midyear viewer data vs Hollywood worker strikes; US CPI unexpectedly rose in November; FOMC rate, dot plot expectations
Singapore stocks opened on a muted note today after global equities ended mixed overnight. In early trade, the Straits Times index (STI) was down 0.02 per cent at 3,101.8 points after 54.9 million securities changed hands in the broader market. In terms of companies to watch for today, we have ST Engineering and StarHub. Both parties said separately today that the defence and engineering group will acquire cryptographic technology company D’Crypt from a StarHub unit. Elsewhere from more on private sector economists’ forecast for Singapore’s 2024 growth to Japan planning tax breaks for 10…
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