Latest / Your Way Home with Hongbin Jeong
Market View: Asian markets rally, gold hits record high on US unemployment data; China to scrub small overdue debts from credit records to help spur lending; South Korea’s chip sector masks weakness in other exports; Uber teams up with Baidu to start robotaxi trials in UK; Seatrium, CNMC Goldmine to watch
Singapore shares rose today in line with movements seen across regional markets. The Straits Times Index was up 0.65% at 4,599.43 points at 3.14pm Singapore time, with a value turnover of S$785.39M seen in the broader market. In terms of counters to watch, we have CNMC Goldmine, after a Malaysian unit of CNMC was hit with an additional income tax and penalty by the Inland Revenue Board of Malaysia, amounting to RM29.6 million (S$9.4 million), for the assessment years 2019 to 2024. Elsewhere, from how China’s central bank unveiled a one-off credit repair scheme to allow overdue personal…
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