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Market View: Boustead Singapore directed to delist; China’s central bank to step up adjustments to monetary policy; Evergrande’s billionaire chairman placed under police control; S&P 500 corrected ~5.86% since YTD peak; US reportedly extending a waiver to chipmaker SK Hynix, Samsung Electronics

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Singapore stocks opened weaker today following overnight losses in global markets.

In early trade, the Straits Times Index headed down 0.6 per cent to 3,196.82 points after 72.4 million securities changed hands in the broader market

In terms of companies to watch today, we have Boustead Singapore. Its real estate unit Boustead Projects was directed by the Singapore Exchange Regulation to delist with an exit offer that is “fair and reasonable”.

Elsewhere, from more on China’s central bank’s comments to implement monetary policy in a “precise and forceful” manner to support its economy, to Evergrande’s billion chairman under police control, and movements to the US S&P 500 index, more international headlines remain in focus.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian sat down with Jeremy Tan, Chief Executive Officer (CEO) of Tiger Fund Management for more. 

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Your Way Home with Hongbin Jeong

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