Latest / Your Way Home with Hongbin Jeong
Market View: Trump’s chips exemptions – how are global and Asian markets reacting to the news?; DBS shares soar to record high on marginally higher Q2 earnings; UOB’s Q2 net profit falls 6% yoy; Lyft’s shares slide on revenue miss - clues on US discretionary spending
Singapore shares moved higher today as investors continue to digest earnings out of the country including from the remainder of the trio of local banks who reported today – OCBC and UOB. The Straits Times Index was up 0.76% at 4,260.01 points at 11.40am Singapore time, with a value turnover of S$1.03B seen in the broader market. In terms of companies to watch, we have DBS. The share price of DBS soared to a record-high in early trade after the group posted marginally higher Q2 earnings before the market opened, nearing the S$50 mark. Elsewhere, from how big name chip firms made big…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.