Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)Market View: Asian markets rally, gold hits record high on US unemployment data; China to scrub small overdue debts from credit records to help spur lending; South Korea’s chip sector masks weakness in other exports; Uber teams up with Baidu to start robotaxi trials in UK; Seatrium, CNMC Goldmine to watch
Singapore shares rose today in line with movements seen across regional markets.
The Straits Times Index was up 0.65% at 4,599.43 points at 3.14pm Singapore time, with a value turnover of S$785.39M seen in the broader market.
In terms of counters to watch, we have CNMC Goldmine, after a Malaysian unit of CNMC was hit with an additional income tax and penalty by the Inland Revenue Board of Malaysia, amounting to RM29.6 million (S$9.4 million), for the assessment years 2019 to 2024.
Elsewhere, from how China’s central bank unveiled a one-off credit repair scheme to allow overdue personal debts of up to 10,000 yuan (S$1,835) incurred since 2020 to be removed from credit records once fully repaid, to how Uber Technologies is teaming up with Baidu to trial driverless taxis in the UK – more international and corporate headlines remained in focus.
On Market View, Money Matters’ finance presenter Chua Tian Tian dived into the key developments to watch for the day.
