Your Way Home with Hongbin JeongYour Way Home with Hongbin Jeong

Market View: Mapletree Industrial Trust’s tenant files for Chapter 11 bankruptcy; Apple’s Vision Pro headset; Saudi hikes oil prices vs impact on USD; USD dominance; Japan real wages fall and impact on Yen

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Singapore shares opened lower this morning following overnight losses in the global markets. 

In early trade, the Straits Times Index (STI) was down 0.3 per cent to 3,180.09 points after 46.5 million securities changed hands.

Within Singapore, Reits continue to be in focus after Mapletree Industrial Trust announced that its third-largest tenant filed for Chapter 11 bankruptcy in the US. 

Elsewhere, from Saudi Arabia raising crude prices to Apple’s new Vision pro headset and Japan’s real pay falling for the 13th month – global developments continue to make the headlines today. 

On Market View, the Drive Time team dived into the details with Jeff Ng, Senior Currency Analyst, MUFG.

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Your Way Home with Hongbin Jeong

Your Way Home with Hongbin Jeong is your 4–8pm drive companion, guiding you through the day’s bigges 
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