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Market View: SingPost hits 7-week high; Chinese investors rush to make dollar deposits, buy Hong Kong insurance; Top Asia IPO gainers in Japan; Fed minutes; US stock market performance for 1H2023
Singapore stocks opened weaker today following overnight losses on Wall Street. In early trade, the Straits Times Index (STI) headed down 0.2 per cent to 3,179.3 points after 47.1 million securities changed hands. In terms of companies to watch, we have Singapore Post. That’s after the Singapore government said it will consider allowing SingPost to introduce postage rate adjustments to “better reflect the cost of letter mail business”. Elsewhere, from the latest Federal Reserve’s policy meeting minutes to Chinese investors rushing to make dollar deposits and buy Hong Kong insurance – we’ve…
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