Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)Market View: How should we read into DeepSeek’s rise? – NASDAQ down 3.07% overnight, Nvidia’s market cap down nearly US$600B; Impact of DeepSeek on Singapore data centre Reits; DBS acquires additional stake in Shenzhen Rural Commercial Bank; Look ahead to US Fed Rate decision
Singapore shares started trading in positive territory today, ahead of a shortened session due to the Chinese New Year holidays.
In early trade, the Straits Times Index (STI) was up 0.8 per cent at 3,827.76 points after 30.8 million securities changed hands in the broader market.
In terms of companies to watch, we have DBS after the bank announced yesterday that it acquired an additional stake in Shenzhen Rural Commercial Bank, increasing its stake from 16.7 per cent to 19.4 per cent.
Elsewhere, from how Nvidia lost nearly US$600 billion in market value overnight after the rise in Chinese AI firm DeepSeek caused a meltdown in US tech counters, to the impact of DeepSeek on Singapore’s data centre Reits, more corporate and international headlines remain in focus.
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Desmond Chua, Investment Counselor, Citigold Private Client, Citibank Singapore.
