Latest / Your Way Home with Hongbin Jeong
Market View: US profit-taking, Nvidia down; ByteDance, Broadcom reportedly working on developing advanced AI processor, Trump-Biden Presidential Debate, Prudential’s US$2b share buyback, Singapore’s May inflation meets expectations and more
Singapore equities were muted at the opening bell today, echoing sentiments on Nasdaq where chipmaker Nvidia registered its second straight day of losses on Friday, closing down 3.2%. In the morning, the Straits Times Index (STI) opened 0.01 per cent lower at 3,305.84 points after 32.5 million securities changed hands in the broader market. In terms of companies to watch, we have Prudential, after the Asia-focused insurer yesterday announced the launch of its US$2 billion share buyback programme, which is expected to be completed no later than mid-2026. Elsewhere from Singapore’s latest…
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