Market View: Boustead Singapore directed to delist; China’s central bank to step up adjustments to monetary policy; Evergrande’s billionaire chairman placed under police control; S&P 500 corrected ~5.86% since YTD peak; US reportedly extending a waiver to chipmaker SK Hynix, Samsung Electronics

Your Way Home with Hongbin Jeong · Sep 27, 2023 · 10m

Singapore stocks opened weaker today following overnight losses in global markets. In early trade, the Straits Times Index headed down 0.6 per cent to 3,196.82 points after 72.4 million securities changed hands in the broader market In terms of companies to watch today, we have Boustead Singapore. Its real estate unit Boustead Projects was directed by the Singapore Exchange Regulation to delist with an exit offer that is “fair and reasonable”. Elsewhere, from more on China’s central bank’s comments to implement monetary policy in a “precise and forceful” manner to support its economy, to…