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Market View: Singapore’s Q2 GDP beat; Mapletree Logistics Trusts on negative rental reversions in China; TSMC Q2 results could fuel rally; Softbank acquires Graphcore; Boeing vs Korean Air; Tesla’s frenetic rally
Singapore stocks advanced this morning, following better-than-expected gross domestic product growth in the second quarter of 2024. The Straits Times Index (STI) opened 0.5 per cent higher at 3,492.95 points after 70.2 million securities changed hands in the broader market. In terms of companies to watch today, we have Mapletree Logistics Trust after the trust’s manager said it expects negative rental reversions in China to persist over the next few quarters. Meanwhile, from a quick look at Singapore’s Q2 GDP numbers to Tesla’s frenetic rally losing steam, more local and corporate headlines…
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