Market View: Singapore’s yearly inflation at 4.1% in July; Expectations of MAS’ next policy move; Global investors shed Chinese blue chip stocks; Japan and South Korea’s manufacturing activity; Nikkei expected to rise nearly 8% by year end; EV market VinFast’s shares skyrocketed 109 per cent; Meta’s new AI model

Your Way Home with Hongbin Jeong · Aug 23, 2023 · 10m

Singapore stocks declined today after global markets ended Tuesday mixed. In early trade, the Straits Times Index (STI) headed down 0.4 per cent to 3,148.96 points after 22.6 million securities changed hands in the broader market. In terms of economic data points to watch, Singapore’s inflation both continued to fall in July, with the headline figure down to 4.1 per cent year-on-year. Elsewhere from Meta Platforms releasing an artificial intelligence model capable of translating and transcribing speech to Japan’s Nikkei expected to rise nearly 8 per cent by year-end, more international…