Latest / Your Way Home with Hongbin Jeong
Market View: Alibaba Group walks back on plans to spinoff and list US$11b cloud unit; Forecast beating US jobless claims figures; Singapore NODX; Singtel on Optus outage; ValueMax on Well Chip’s application to list on Bursa Malaysia; Apple to make texting between iPhones and Androids easier
Singapore shares struggled to advance at the open today, as a mixed performance on global stock markets clashed with a better-than-expected performance of the country’s October non-oil domestic exports (NODX). To recap, data from Enterprise Singapore showed that NODX shrank 3.4 per cent year on year, easing from steeper falls in preceding months. In early trade, the Straits Times Index (STI) headed down 0.6 per cent to 3,114.28 points after 36.5 million securities changed hands in the broader market. In terms of companies to watch today, we have Singtel. The telecommunications operator…
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