Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)Market View: Nike’s earnings beat expectations; Tesla recalls most Cybertrucks to fix panels; China’s imports of US cotton, cars, and some energy products plunge amid trade tensions; Japan’s core consumer prices up 3% yoy in February; Top Glove, Prudential, Fu Yu Corporation to watch
Singapore shares were little changed today as investors put the US Federal Reserve’s decision to hold interest rates behind them.
The Straits Times Index was up a marginal 0.05% at about 1pm (12.56pm) to 3,932.39 points, with a value turnover of S$512.58M in the broader market.
In terms of counters to watch today, we have Top Glove, after the Malaysian glove manufacturer reported a net profit of RM30.3 million (S$9.1 million) for its second quarter ended Feb 28, reversing from a net loss seen the year before.
Elsewhere, from China’s import of US cotton, cars and some energy products plunging in the first two months of the year, to Japan’s core inflation hitting 3% in February – more international headlines remain in focus.
Also on deck – more on Nike’s latest earnings under its new CEO.
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Benjamin Goh, Head of Research and Investor Education, SIAS.
