Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)Market View: Keppel Infrastructure Trust’s S$200M private placement; Wing Tai’s net loss widens to S$99.2M; Alibaba’s impending inclusion in Stock Connect; Seven & i seeks government protection after US$38 billion approach; Last look at Nvidia and CrowdStrike before earnings; Gold prices near record high
Singapore shares started trading in negative territory today despite overnight gains in global markets.
The Straits Times Index (STI) opened 0.1 per cent lower at 3,396.82 points after 25.9 million securities changed hands in the broader market.
In terms of companies to watch for today, we have Wing Tai, after the property developer widened its net loss for the second half ended June to S$99.2 million, from S$50 million in the year-earlier period.
Elsewhere from a last look at chip giant Nvidia before its earnings release later in the trading day, to how the NASDAQ is seeking the green light from regulators to launch and trade options on a Bitcoin index, more corporate and international headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Jeremy Tan, CEO, Tiger Fund Management.
