Your Way Home with Hongbin JeongYour Way Home with Hongbin Jeong

Market View: mm2 Asia to subscribe for HK$19m worth of bonds by Unipact Entertainment and Productions; Potential for ASEAN digital economy to grow to US$2t by 2030; China’s export slump; Possible investment by TSMC’s into Arm’s IPO; US ISM non-manufacturing PMI - resilient or cause for more interest rate hikes?

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Singapore stocks dipped at the open after global markets finished lower overnight.

In early trade, the Straits Times Index (STI) fell 0.1 per cent to 3,220.65 points with 22 million securities changing hands then.

In terms of companies to watch, we have  mm2 Asia, after mainboard-listed media company said it agreed to subscribe for HK$19 million (S$3.3 million) worth of bonds issued by concert organiser Unipact Entertainment and Productions. 

Elsewhere from TSMC’s mulling an investment in chip designer Arm Holdings to China’s export slump easing in August and the US service sector, more international news remains in focus.

On Market View, the Drive Time’s finance presenter Chua Tian Tian unpacked the developments with David Chow, Director Azure Capital.

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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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