Latest / Your Way Home with Hongbin Jeong
Market View: Easing fears over Trump’s planned reciprocal tariffs; Xiaomi’s US$5.5B mega share sale to expand EV business, Hyundai's US$21B US investment; Alibaba’s chairman warns of ‘bubble’ in AI data centre buildup; Indonesia rupiah declined to weakest since Asian Financial Crisis and more
Singapore shares rose today as investors continue to monitor global developments relating to trade. The Straits Times Index rose 0.8% to 3,967.74 points at about 12.50pm with a value turnover of S$654.88M in the broader market. In terms of counters to watch, we have ESR REIT after the trust’s manager completed the divestment of a logistics property in Singapore for S$6.8 million. Aside from that, investors continue to set their sights on DFI Retail Group after the supermarket and retail store operator yesterday announced the divestment of its Singapore food business to Macrovalue…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.