Latest / Your Way Home with Hongbin Jeong
Market View: US consumer prices hotter-than-expected; SGX turnover value up 8% mom; CapitaLand Investment’s new private fund on coliving, serviced residence; Rex International down 10% after warning of net loss; Rakuten Bank’s shares up almost 13% after raising profit forecast; GlobalFoundries on chip supply glut; Walmart reportedly buying Vizio for over US$2b
Singapore shares fell at the opening bell today, following overnight losses in global markets. That’s as US consumer inflation slowed less than expected. In early trade, the Straits Times Index (STI) fell 1.2 per cent to 3,103.34 points after 71.9 million securities changed hands in the broader market. In terms of companies to watch for today, we have CapitaLand Investment, after the real estate investment manager has set up a new lodging private fund with a target equity size of US$600 million. Elsewhere from Rex International being the hot stock of the day, to Rakuten Bank’s shares surging…
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