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Market View: Laopu Gold, CMOC shares jump on addition to Hang Seng index; Alibaba leads tech slide after Pentagon briefly shows blacklist; Singapore’s key exports up 9.3% in January; Marco Polo Marine, Thai Beverage to watch

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Singapore shares were little moved in a shortened session today as investors looked ahead to the Chinese New Year holiday. 

The Straits Times Index was down 0.04% at 4,935.69 points at 11.37am Singapore time, with a value turnover of S$733.14M seen in the broader market.

In terms of companies to watch, we have Marco Polo Marine, after the integrated marine logistics company today posted revenue of S$32.8 million for its first quarter ended Dec 31, up 27 per cent from S$25.8 million in the same period a year earlier. 

Elsewhere, from how Singapore’s key exports expanded by a slower-than-expected 9.3 per cent year on year in January, to how shares of Chinese jeweller Laopu Gold and miner CMOC Group rallied in Hong Kong, more economic and international headlines remain in focus.

Also on deck, how Alibaba Group Holding led a Chinese tech-share sell-off after the Pentagon added some of the country’s biggest names to a list of companies aiding the military, only to withdraw that roster minutes later without explanation.

On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with David Kuo, Co-founder, The Smart Investor.

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