Credit markets and the performance of banks in Asia are on our list today after recent jumbo rate hikes by the US Federal Reserve rattled markets and hurt demand for homes and mortgages. 

Just look at Hong Kong - the city’s home prices, for one, fell 2.3% in August from a month ago, the lowest in over three years. 

In Singapore, major banks such as UOB and DBS Bank have temporarily ceased their fixed rate home loans for now to review their rates. Plus - cooling measures announced by the local government last night.

On Market View, Prime Time's Finance Presenter spoke with Rena Kwok, Credit Analyst at Bloomberg Intelligence, as they unpack how recent developments would weigh on mortage demand and bank performance in Asia.

Credit markets and the performance of banks in Asia are on our list today after recent jumbo rate hikes by the US Federal Reserve rattled markets and hurt demand for homes and mortgages. 
Just look at Hong Kong - the city’s home prices, for one, fell 2.3% in August from a month ago, the lowest in over three years. 
In Singapore, major banks such as UOB and DBS Bank have temporarily ceased their fixed rate home loans for now to review their rates. Plus - cooling measures announced by the local government last night.
On Market View, Prime Time's Finance Presenter spoke with Rena Kwok, Credit Analyst at Bloomberg Intelligence, as they unpack how recent developments would weigh on mortage demand and bank performance in Asia.

From politics to pop culture, we've got it all. Get ready to immerse yourself in the world of business, lifestyle, culture, travel, and sports.

From politics to pop culture, we've got it all. Get ready to immerse yourself in the world of business, lifestyle, culture, travel, and sports.

The Evening Runway with Elliott Danker, Timothy Go and Chua Tian Tian

The Evening Runway with Elliott Danker, Timothy Go & Chua Tian Tian (4pm - 7pm)

Market View: Impact of property cooling measures on Singapore banks, rate hikes on Asian banks, performance of digital vs. traditional banks in South Korea

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Recently a few gyms and fitness centres have all been in the news for the wrong reasons as members found themselves caught out with sudden closures. The blame has been cast on the impact of Covid-19 and rising business costs.

But even with the current landscape of the fitness business undergoing significant transformation, our guest has somehow managed to sustain his business.

Sasidharan Unnithan, Founder & Managing Director, FightZone shares his story. 

Recently a few gyms and fitness centres have all been in the news for the wrong reasons as members found themselves caught out with sudden closures. The blame has been cast on the impact of Covid-19 and rising business costs.
But even with the current landscape of the fitness business undergoing significant transformation, our guest has somehow managed to sustain his business.
Sasidharan Unnithan, Founder &amp; Managing Director, FightZone shares his story.

Why It Matters: Beating inflation, how can businesses deal with increasing cost of things?

From China’s initial restrained silence on Iran’s unprecedented attack on Israel to China's President Xi Jinping ordering the biggest military reorganisation since 2015. 

Dr. Oh Ei Sun, Senior Fellow, Singapore Institute of International Affairs gives us an analysis of those headlines and more. 

From China’s initial restrained silence on Iran’s unprecedented attack on Israel to China's President Xi Jinping ordering the biggest military reorganisation since 2015. 
Dr. Oh Ei Sun, Senior Fellow, Singapore Institute of International Affairs gives us an analysis of those headlines and more.

China Perspective: Has China divided the EU? Is cooperation on the cards?

Singapore stocks opened stronger today following overnight gains on global markets as easing tensions in the Middle East boosted investor confidence.

In early trade, the Straits Times Index (STI) rose 1 per cent to 3,258.07 points after 76.6 million securities changed hands in the broader market.

In terms of companies to watch, we have CapitaLand Ascendas Reit. Its manager yesterday reported a higher average rental rate of 16.9 per cent for leases renewed in the first quarter of 2024, up from 15.2 per cent in the previous quarter. 

Elsewhere, from a media report on how China acquired recently banned Nvidia chips in Super Micro and Dell servers, to bubble tea brand Chabaidao’s trading debut on the Hong Kong Stock Exchange, more corporate and international headlines remain in focus.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Kelvin Wong, Senior Analyst, OANDA.

Singapore stocks opened stronger today following overnight gains on global markets as easing tensions in the Middle East boosted investor confidence.
In early trade, the Straits Times Index (STI) rose 1 per cent to 3,258.07 points after 76.6 million securities changed hands in the broader market.
In terms of companies to watch, we have CapitaLand Ascendas Reit. Its manager yesterday reported a higher average rental rate of 16.9 per cent for leases renewed in the first quarter of 2024, up from 15.2 per cent in the previous quarter. 
Elsewhere, from a media report on how China acquired recently banned Nvidia chips in Super Micro and Dell servers, to bubble tea brand Chabaidao’s trading debut on the Hong Kong Stock Exchange, more corporate and international headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Kelvin Wong, Senior Analyst, OANDA.

Market View: Singapore’s inflation numbers; CapitaLand Ascendas Reit’s higher average rental rate, Keppel Reit’s net property income up 7.2% yoy in Q1; Gojek, ComfortDelGro Taxi to dispatch untaken ries to each other’s platform; Bubble tea craze vs Chabaidao’s nearly 40% slump in HK debut; Reuters report on Chinese entities acquiring advanced Nvidia chips in server products made by Super Micro Computer, Dell, Gigabyte Technology

Market View: Impact of property cooling measures on Singapore banks, rate hikes on Asian banks, performance of digital vs. traditional banks in South Korea

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