Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)Market View: Concerns over US banking sector filters through to Wall Street, Asian markets, VIX Volatility index hit highest since May; Nio shares rebound 7% from initial plunge after GIC lawsuit alleges inflated revenue; Singapore’s key exports chart surprise 6.9% rise in September; Keppel to watch
Singapore shares dipped today in line with movements across Asia.
The Straits Times Index was down 0.5% at 4,334.63 points at 12.50pm Singapore time, with a value turnover of S$546.66M seen in the broader market.
In terms of counters to watch, we have for you Keppel given how the global asset manager is set to revive construction for its stalled Saigon Centre project in late 2026.
Elsewhere, from Singapore’s key exports expanding by 6.9 per cent year on year in September, to how shares of Nio recovered today after diving to a one-month low, when a lawsuit filed by GIC against the Chinese electric vehicle (EV) maker wiped billions off the group’s market value – more economic and corporate headlines remained in focus.
Also on deck – more on worries surrounding the US banking sector.
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Benjamin Goh, Head of Research and Investor Education, SIAS.
