Your Way Home with Hongbin JeongYour Way Home with Hongbin Jeong

Market View: Asian markets react to higher US steel, aluminium duties; Expectations ahead of US May ISM Services PMI release; South Korean stocks, won surge on the back of Presidential election results; Australia’s real GDP up 0.2% in March quarter; CapitaLand Investment, Nio to watch

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Singapore stocks fell this morning as all eyes remained on the heightened trade tensions between US and China. 

The Straits Times Index was down 0.31% at 3,882.17 points at 10.51am Singapore time, with a value turnover of S$318.86M seen in the broader market. 

In terms of counters to watch today, we have CapitaLand Investment. That’s after the manager of CapitaLand Malaysia Trust, a CapitaLand Investment subsidiary, yesterday proposed a placement of up to 435.4 million new units to raise gross cash proceeds of up to RM250 million (S$75.8 million). 

Meanwhile, from Chinese electric vehicle maker Nio posting a net loss of US$949.6 million for its first quarter of 2025 ended March, to how investors are reacting to higher US duties on steel and aluminium, more corporate and international headlines remain in focus. 
 
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Marcus Liew, Multi-Asset Solutions Portfolio Manager, Amundi Singapore. 

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Your Way Home with Hongbin Jeong

Your Way Home with Hongbin Jeong is your 4–8pm drive companion, guiding you through the day’s bigges 
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