Market View: Impact of China’s short-term rate cut on stock markets; Hong Kong to bring 27,000 foreign workers; AWS to consider using AMD AI chips; Meta’s chief scientist says generative AI at dead end; Fed’s rate hike expectation after 4% on-year increase in CPI

Your Way Home with Hongbin Jeong · Jun 14, 2023 · 13m

Singapore shares opened higher today, following significant gains in global markets on mild US inflation data and positive sentiments of a possible pause in interest rate hikes. In early trade, the Straits Times Index (STI) was up 0.3 per cent to 3,197.76 points. after 73.1 million securities changed hands in the broader market. Elsewhere, from China increasing oil import quota to the latest US inflation numbers and to Amazon Web Services considering using AI chips from Advanced Micro Devices, international headlines continue to make the news today. On Market View, the Drive Time team…