Latest / Your Way Home with Hongbin Jeong
Market View: Frasers Hospitality Trust, Rex International; Intel shelves planned investment in Vietnam; Shares of Chinese EV makers slid on news of more affordable Tesla model
Singapore shares struggled to advance at the open today as banks and other index counters started the morning trading session in the red. In early trade, the Straits Times Index (STI) headed down 0.8 per cent to 3,154.90 points after 83.6 million securities changed hands in the broader market. In terms of companies to watch for today, we have oil exploration and production company Rex International. That’s as the firm’s subsidiary Lime Petroleum is set to acquire a 17 per cent interest from two vendors in PL740 in the Norwegian North Sea. Meanwhile, from Intel shelving its planned chip…
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