Singapore stocks opened weaker today, following heavy losses of the top-traded counter.

In early trade, the Straits Times Index (STI) headed down 0.2 per cent to 3,078.74 points after 45.7 million securities changed hands in the broader market.

In terms of companies to watch, we have Manulife US Reit. Units fell as much as 27.5% after the counter resumed trading today. 

Its manager had earlier revealed plans to raise funds through a mix of asset dispositions and a sponsor-lender loan to remedy its financial covenant breach. 

Elsewhere from Japan’s Nikkei rallying to log its best month in two years to Microsoft taking a non-voting, observer position on OpenAI’s board, more international headlines remain in focus. 

On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director, Azure Capital.

Singapore stocks opened weaker today, following heavy losses of the top-traded counter.
In early trade, the Straits Times Index (STI) headed down 0.2 per cent to 3,078.74 points after 45.7 million securities changed hands in the broader market.
In terms of companies to watch, we have Manulife US Reit. Units fell as much as 27.5% after the counter resumed trading today. 
Its manager had earlier revealed plans to raise funds through a mix of asset dispositions and a sponsor-lender loan to remedy its financial covenant breach. 
Elsewhere from Japan’s Nikkei rallying to log its best month in two years to Microsoft taking a non-voting, observer position on OpenAI’s board, more international headlines remain in focus. 
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director, Azure Capital.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters with Hongbin Jeong and Chua Tian Tian

Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)

Market View: Microsoft to take non-voting, observer position on OpenAI’s board; Manulife US Reit down as much as 27.5%; Japan’s Nikkei rallies to best month in 2 years; Real median income in Singapore down 2.3% in 2023;  Impact of Fed officials’ comments on interest rates, Chinese factory activity on STI movements

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