Market View: Singapore’s factory output up 3.8% yoy in Feb; Shares of Lum Chang down over 10%, MD David Lum attended interviews with CPIB; China’s battery manufacturer CATL doubles down expansion; US Consumer Confidence, PCE Price Index expectations; Jerome Powell vs Raphael Bostic on rates; Donald Trump one of world’s 500 richest people

Your Way Home with Hongbin Jeong · Mar 26, 2024 · 11m

Singapore stocks opened muted this morning after data for Singapore’s headline and core inflation in February came in hotter than anticipated. Figures released yesterday showed that headline inflation for February climbed to 3.4 per cent year on year, up from 2.9 per cent in January. In terms of companies to watch, shares of Lum Chang fell more than 10 per cent this morning after the company revealed that its managing director, David Lum, had “attended several interviews” with the Corrupt Practices Investigation Bureau (CPIB) to assist on the latest charges filed against Singapore’s former…