Latest / Your Way Home with Hongbin Jeong
Market View: UAE exits OPEC and OPEC+; Jerome Powell’s last FOMC meeting as Fed chair; US corporate earnings remain resilient amid Middle East conflict; Tech shares down on WSJ report on OpenAI missing internal targets, possible impact on big techs reporting overnight; CapitaLand Investment, Mapletree Industrial Trust, Aspial Lifestyle to watch
Singapore shares dipped today as Asian markets traded mixed. The Straits Times Index fell 0.37% to 4,869.50 points at 2.00pm Singapore time, with a value turnover of S$1.23B seen in the broader market. In terms of counters to watch, we have Mapletree Industrial Trust, after the Reit posted a distribution per unit of S$0.0309 for its fourth quarter ended Mar 31, 8 per cent down from S$0.0336 in the same period last year. Elsewhere, from the surprise exit of the United Arab Emirates from OPEC and implications on oil prices, to how tech shares took a hit after the Wall Street Journal reported…
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