The Afternoon Update with Lynlee Foo (1pm – 4pm)The Afternoon Update with Lynlee Foo (1pm – 4pm)

Market Wrap: Local bank shares amid turmoil, SG NODX numbers & what to expect for US Fed's next monetary decision

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The Afternoon Update's Hongbin Jeong speaks to Geoff Howie, Market Strategist from the SGX for a market wrap for the week, on the back of the turmoil that has hit the banking sector, including the fall of SVB and the crisis of Credit Suisse. They discuss how the STI fared this past week; how local banking stocks were affected; and how much the Fed will weigh the current turmoil when deciding on their next interest rate hikes. Also on the agenda, they talk about the outlook on Singapore's economy as the island releases NODX numbers and employment data. 

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The Afternoon Update with Lynlee Foo (1pm – 4pm)

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