Market View: US March CPI comes in hot, Impact on JPY and Asian equities; CDL’s subsidiary selling 58 units of The Residences at W Singapore Sentosa Cove; Fraser Property expects significant fall in 1H profits; China’s CPI barely increased; Foxconn reportedly considering rotating chief executive system; Adobe reportedly begun procuring videos to build AI text-to-video generator

Your Way Home with Hongbin Jeong · Apr 11, 2024 · 17m

Singapore stocks were pulled into negative territory today, tracking a Wall Street retreat after US inflation data topped estimates, dashing hopes for near-term rate cuts by the US Federal Reserve. In early trade, the Straits Times Index (STI) headed down 0.9 per cent to 3,209.41 points, after 92.8 million securities changed hands in the broader market. In terms of companies to watch, we have City Developments Ltd. That’s as the property developer’s subsidiary Cityview Place Holdings said it will be selling 58 units of The Residences at W Singapore Sentosa Cove this month. Elsewhere, from the…