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Market View: Joe Biden and Kevin McCarthy finalises US debt ceiling deal; Nvidia unveils more AI products; Temasek cuts employee compensation after failed FTX investment; Stamford Land’s earnings
Singapore shares began the week in positive territory, tracking strong performances in the US and Europe markets. The Straits Times Index (STI) was up 0.7 per cent to 3,229.53 points in early trade after 48.8 million securities changed hands in the broader market. In terms of companies to watch for today, we have Stamford Land. That’s after the company’s net profit rose to S$184.5 million for its second half-year, significantly higher than the S$15.6 million in the year-ago period. Meanwhile, most Asian markets cheered a deal between US President Joe Biden and House Speaker Kevin McCarthy to…
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