Market View: Singapore’s core inflation eases to 4.7% on-year in May; Japan’s core inflation numbers exceeds forecasts in May; TikTok’s leadership changes; Ford preparing a new round of layoffs; Quarz Capital’s proposal for Sabana REITto use internal manager

Your Way Home with Hongbin Jeong · Jun 23, 2023 · 14m

Singapore shares dipped today after global markets ended mixed overnight. In terms of companies to watch for today, we have Sabana Industrial Real Estate Investment Trust. That’s after its manager has criticised activist investor Quarz Capital’s proposal for the Reit to use an internal manager instead, warning unit holders that it may destroy the value of their investment. Meanwhile, we’re seeing a number of international news making headlines including Japan’s inflation numbers, leadership changes at TikTok, layoffs at Ford and not to mention – a cage fight between Twitter’s Elon Musk and…