GuocoLand reported a 48% decline in half-year net profit to S$32.4 million, down from S$62.4 million a year ago, even as revenue rose 20% to S$906.3 million, highlighting the impact of losses in China on the company’s overall performance.

Meanwhile, Shangri-La Asia posted a net profit of US$57.9 million for the first half, down 38.7% from US$94.5 million, while revenue remained steady at US$1.06 billion.

Across the region, Japan’s industrial output fell 1.6% in July, with automobile production down 6.7%, while Tokyo food prices rose 7.4% year-on-year, reflecting persistent inflationary pressures that leave the Bank of Japan in a challenging policy position.

Globally, Nvidia forecast roughly US$54 billion in revenue for its fiscal third quarter, meeting Wall Street’s average estimates but falling short of the most bullish projections.

On Market View, Alexandra Parada speaks to  Benjamin Goh, Head of Research and Investor Education at SIAS, to discuss more about the latest market movements.