Latest / Your Way Home with Hongbin Jeong
Market View: Fed Chair Jerome Powell hints at rate cut; Yoma Strategic clarifies on reports against Exec Chairman; Sats restructures gateway services business; China’s June CPI disappoints; Baidu shares jumps popularity of robotaxis; Tesla’s weightage on Cathie Wood’s ARK Innovation ETF and more
Singapore stocks extended the previous day’s rally to open higher today, following a mixed overnight performance in global markets. In early trade, the Straits Times Index (STI) gained 0.3 per cent to 3,434.74 points after 32.4 million securities changed hands in the broader market. In terms of companies to watch for today, we have Yoma Strategic, after the Myanmar-focused company today clarified that no charges have been filed against its executive chairman Serge Pun. Elsewhere, from Sats restructuring its gateway services business to Beijing’s stance on robotaxis and the country’s inflation…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.