Latest / Your Way Home with Hongbin Jeong
Market View: Nio denies reportable capital raising activity; EU’s probe into Beijing EV subsidies; Indonesia’s rules targeting TikTok Shopping, impact on Sea, GoTo Group; 18 news ETFs to launch in the US; JPMorgan’s Jamie Dimon on US rates hitting 7%
Singapore stocks were little changed today, amid a mixed performance in global markets. In early trade, the Straits Times Index (STI) dropped 0.01 per cent to 3,215.09 points after 25.7 million securities changed hands in the broader market. In terms of companies to watch, we do have Nio, after the Chinese electric vehicle maker said yesterday that it had “no reportable capital raising activity”. This was in response to media reports that the company is considering raising around US$3 billion in capital from investors. Elsewhere from TikTok shopping facing headwinds in Indonesia to JPMorgan…
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