Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)Market View: Possibility of a 2024 Santa rally; US to launch 3rd crackdown on China’s semiconductor industry in three years; China’s factory activity expanded at fastest pace in 5 months in November; Stellantis CEO steps down amid dispute over strategy; SingPost officially proposes to sell Australian business for A$1b and more
Singapore stocks opened higher today, following gains in Asia as markets enter a seasonally strong period.
The benchmark Straits Times Index (STI) rose 0.7 per cent to 3,766.33 points in early trade as 48.8 million shares changed hands in the broader market.
In terms of companies to watch, we have Singapore Post, after the national postal service provider officially proposed to sell its Australian business at an agreed enterprise value of A$1 billion (S$870 million).
Elsewhere, from more on China’s latest factory activity numbers to how the US is reportedly set to launch its third crackdown on China’s semiconductor industry in three years – more international headlines remain in focus.
On Market View, Money Matter’s finance presenter Chua Tian Tian unpacked the developments with Chin Hui Leong, Co-founder, The Smart Investor.
