Singapore stocks were pulled into positive territory today. That’s amid overnight gains on Wall Street, with the Nasdaq ending sharply higher, supported by heavy-weight tech stocks.
In early trade, the Straits Times Index (STI) added 0.5 per cent to 3,090.02 points after 104.8 million securities changed hands in the broader market.
In terms of companies to watch today, we have Vertex SPAC. The first special-purpose acquisition company of Singapore begins trading as 17Live Group today upon the completion of its business combination.
Elsewhere from Japan’s economy falling faster than initially expected in the third quarter, to Google’s latest AI model for consumers, and expectations for November’s US non-farm payrolls, more international headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.
Market View: STI movements; Hong Kong budget expectations; StanChart suspends new investments by clients in China via into offshore products via a quota-based channel; China Everbright, Shanghai Zhida, Samsonite; Japan’s inflation beat forecasts; Chinese passenger airlines allowed to boost flights to the US