The Evening Runway with Hongbin Jeong, Roshan Gidwani & Chua Tian Tian (4pm - 7pm)Market View: One last look at expectations for US nonfarm payrolls; Seven & i turns down Alimentation Couche-Tard’s US$38.5B bid; Qualcomm reportedly exploring possibility of buying portions of Intel’s design business; Merger of two Chinese state backed brokerages, creating leader with US$230B in assets; UOB prices bonds; Nio narrowed Q2 loss by 16.7%
Singapore equities began the day in the negative territory, tracking global losses overnight.
In early trade, the Straits Times Index (STI) dipped 0.1 per cent to 3,455.23 points after 55.9 million securities changed hands in the broader market.
In terms of companies to watch today, we have Nio, after the Chinese electric-vehicle maker narrowed its Q2 loss for FY2024 by 16.7 per cent to 5.05 billion yuan (S$926.6 million) on higher sales.
Elsewhere, from Seven & i Holdings turning down Alimentation Couche-Tard’s US$38.5 billion cash bid, to Qualcomm reportedly having explored the possibility of acquired portions of Intel’s design business - more corporate headlines remain in focus.
Also on deck – one last look on market expectations before the latest US nonfarm payrolls numbers come in tonight.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.
