Market View: Spillover effects of Country Garden’s interest payments, on Evergrande, wider market; Short and medium term outlook for China, possible excitement over AI; Japan[‘s yen sets fresh 10-month low against the USD; Novo Nordisk’s road to become the most valuable company in Europe

Your Way Home with Hongbin Jeong · Sep 6, 2023 · 8m

Singapore shares were pulled into positive territory today, bucking a global selloff on Wall Street and Europe amid cautious investor trading. In early trade, the Straits Times Index (STI) rose 0.5 per cent to 3,242.28 points after 30.3 million securities changed hands in the broader market. Meanwhile, international headlines are in focus today with all eyes on markets in Greater China after property giant Country Garden paid interest on two different dollar bonds, and its spillover impact on Evergrande and the broader market. Also on the table today, how Denmark’s Novo Nordisk became…