Market View: Janet Yellen warns CEOs on US debt ceiling; Fed’s survey of bank loan officers; China’s balance of trade figures; Bets on policy support and rally in Chinese financial, brokerage and filmmaker shares

Your Way Home with Hongbin Jeong · May 9, 2023 · 11m

Singapore stocks dipped today as investors anticipated key US inflation data to be released later this week. In early trade, the Straits Times Index (STI) fell 0.4 per cent, to 3,246.08 points, after 50.6 million securities traded hands across the broader market. In terms of companies to watch today, we have SIA Engineering Company, after the aircraft engineering and maintenance provider reported a 20.4 per cent on-year drop in net profit to S$33.9 million for the second half-year ended March. Elsewhere, softening imports and a rally in financial stocks in China weighed on markets in the…