Market View: China’s growth, developer defaults, Yuan weakness; Cordlife Group shares up over 19% over possible transaction; Singapore’s May factory output and 2023 GDP estimates; Asia’s performance following developments in Russia; Elon Musk vs Mark Zuckerberg; SpaceX’s Starlink valued at about US$150b

Your Way Home with Hongbin Jeong · Jun 26, 2023 · 14m

Singapore shares started the week higher today, in contrast with global markets, which closed lower amid concerns that interest rate hikes will continue. In early trade, the Straits Times Index (STI) was up 0.2 per cent at 3,197.54 points as 42.6 million securities changed hands in the broader market. In terms of companies to watch for today, we have Cordlife Group. Shares were up over 19% earlier in the day after the company said it was aware of a possible transaction for an offer for its shares. Meanwhile, from developments in Russia to S&P Global cutting China’s 2023 growth forecast from…