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Market View: MAS keeps policy settings unchanged; CapitaLand Ascott Trust’s DPU up 14.4% yoy; Hong Kong court orders China Evergrande Group’s liquidation; China approves 40 AI models for public use; Samsung Electronics to feature Baidu’s Ernie on Galaxy S24 smartphones; Red Sea shipping crisis sends waves through Asia’s fuel markets
Singapore stocks remained relatively unchanged today following updates from the Monetary Authority of Singapore (MAS) that it will leave monetary policy settings unchanged. The MAS announced this morning that it will maintain the prevailing rate of appreciation of the Singapore dollar nominal effective exchange rate policy band, extending the pause from its 2023 meetings, in line with market expectations. In early trade, the Straits Times Index (STI) gained a marginal 0.01 per cent to 3,159.94 points after 32.9 million securities changed hands in the broader market. CapitaLand Ascott Trust is…
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