Your Way Home with Hongbin JeongYour Way Home with Hongbin Jeong

Market View: China ending long-running crackdown on tech firms; Ant Group’s surprise share buyback; China’s factory gate prices fall at fastest pace in 7 years; Hong Kong’s relaxed mortgage rules; Dasin Retail Trust records net loss of S$221.5m; Janet Yellen on US recession; Mixed jobs report

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Singapore shares opened stronger after global markets closed mixed on Friday.

In early trade, the Straits Times Index (STI) rose 0.1 per cent to 3,141.17 points after 75.2 million securities changed hands in the broader market. 

In terms of companies to watch for today, we have Dasin Retail Trust. Its trustee-manager reported today a net loss of S$221.5 million for the second half ended December 2022, widening from the net loss of S$51.8 million seen in the same period a year prior to that.

Meanwhile, from China ending its long-running crackdown on the technology sector to the US non-farm payroll numbers, more international headlines continue to be in focus. 

On Market View, the Drive Time team unpacked these developments with David Kuo, Co-founder, The Smart Investor.

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Your Way Home with Hongbin Jeong

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