Latest / Your Way Home with Hongbin Jeong
Market View: Fed holds rates steady, signals 2 more hikes this year; Jerome Powell on balance sheet drawdown; Wall Street’s reaction; OCBC raises SIA’s fair value; PBOC lowers medium-term lending facility rates; TikTok to boost e-commerce business in Southeast Asia
Singapore shares opened higher today following the decision to pause the interest rate hike by the US Federal Reserve. In early trade, the Straits Times Index was up 0.1 per cent to 3,222.24 points after 129.8 million securities changed hands in the broader market. In terms of companies to watch, we have Keppel. That’s as the company obtained two contracts to provide what it dubs “energy-as-a-service” in Bangkok’s Sam Yan Smart City, through its joint venture with Decarb. Meanwhile, a slew of central bank decisions continue to take the centre stage with the US Federal Reserve holding rates…
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