Latest / Your Way Home with Hongbin Jeong
Market View: STI crosses 4,000 points mark for the first time; US PCE Price Index in focus; Trump’s tariffs propels gold to record high; Hong Kong derivatives trading surges to highs previously not seen; Sinarmas Land, NIO to watch
The Singapore Straits Times Index (STI) set a record today as it crossed the 4,000-mark for the first time in early trade. The index hit 4005.18 points shortly after the market opened. This surpassed its previous record of 3,991 points, clocked on the 27th of March. In terms of counters to watch today, we have Sinarmas Land, after an entity controlled by Indonesia’s billionaire Widjaja family – Lyon Investments – made a voluntary unconditional cash offer for all the shares in Sinarmas Land that it does not already own at S$0.31 apiece. Elsewhere, from Trump’s tariff…
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