Latest / Your Way Home with Hongbin Jeong
Market View: Trump picks Jamieson Greer as trade envoy, Impact on Asian equities, USD movements; Lookahead to US PCE Price Index release; CrowdStrike raises annual revenue and profit forecasts; MAS’ Financial Stability Review; SingPost in talks to divest Australia’s business;
Singapore stocks traded lower this afternoon, as investors continued to digest the threat of Trump’s tariffs. As at about noon time (12.01 pm), the Straits Times Index (STI) was down 0.3 per cent at 3,702.8 points after 421.2 million securities changed hands in the broader market. In terms of companies to watch, we have Singapore Post, after the national postal service provider said yesterday that it was in exclusive talks with a third party for a potential sale of its Australia business, while stating that no definitive deal has been reached. Elsewhere, from more on US President-elect Donald…
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