Your Way Home with Hongbin JeongYour Way Home with Hongbin Jeong

Market View: Great Eastern’s new sales for Q3; Paragon Reit, Parkway Life Reit, First Reit earnings; India’s manufacturing growth; China Evergrande reportedly proposes new debt restructuring plan for offshore bondholders; Demand for Toyota vs Tesla; WeWork reportedly filing for Chapter 11 bankruptcy; Expectations on Fed’s latest policy move

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Singapore shares advanced in early trade today, tracking overall gains in global markets.

The Straits Times Index (STI) rose 0.1 per cent to 3,072.09 points then, after 26 million securities changed hands in the broader market.

In terms of companies to watch today, we have Great Eastern, after the insurance arm of OCBC posted a 5 per cent increase in total weighted new sales to S$419.4 million for the third quarter ended September. 

Elsewhere from WeWork reportedly filing for a Chapter 11 petition in New Jersey to more on media reports of China Evergrande’s plans for offshore bondholders, more corporate headlines are in focus. 

Also on the table today – more news on two automakers that both have their names start with the letter ’T’ – Tesla and Toyota.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian sat down with Matthias Chan, Head of Research at SAC Capital for more.

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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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