Market View: Great Eastern’s new sales for Q3; Paragon Reit, Parkway Life Reit, First Reit earnings; India’s manufacturing growth; China Evergrande reportedly proposes new debt restructuring plan for offshore bondholders; Demand for Toyota vs Tesla; WeWork reportedly filing for Chapter 11 bankruptcy; Expectations on Fed’s latest policy move

Your Way Home with Hongbin Jeong · Nov 1, 2023 · 8m

Singapore shares advanced in early trade today, tracking overall gains in global markets. The Straits Times Index (STI) rose 0.1 per cent to 3,072.09 points then, after 26 million securities changed hands in the broader market. In terms of companies to watch today, we have Great Eastern, after the insurance arm of OCBC posted a 5 per cent increase in total weighted new sales to S$419.4 million for the third quarter ended September. Elsewhere from WeWork reportedly filing for a Chapter 11 petition in New Jersey to more on media reports of China Evergrande’s plans for offshore bondholders, more…