Singapore shares moved higher today as all eyes remained on US interest rate movements for September and beyond.

The Straits Times Index was up 0.44% at 4,249.32 points at 2.05pm Singapore time, with a value turnover of S$668.43M seen in the broader market.

In terms of counters to watch, we have Singapore Post, after the postal service provider’s operating profit for the first quarter ended June came in at S$3.4 million, a 60 per cent year-on-year drop from S$8.4 million.

Elsewhere, from Tesla raising the price of its Cybertruck Cyberbeast in the US, to how postal services across the world are cutting off parcel deliveries to the US given the fast-approaching end of a tariff exception for low-value packages, more corporate and international headlines remained in focus. 

Also on deck, what to watch when Federal Reserve Chair Jerome Powell speaks at the Jackson Hole Symposium in a couple of hours’ time.

On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Benjamin Goh, Head of Research and Investor Education, SIAS.

Singapore shares moved higher today as all eyes remained on US interest rate movements for September and beyond.
The Straits Times Index was up 0.44% at 4,249.32 points at 2.05pm Singapore time, with a value turnover of S$668.43M seen in the broader market.
In terms of counters to watch, we have Singapore Post, after the postal service provider&rsquo;s operating profit for the first quarter ended June came in at S$3.4 million, a 60 per cent year-on-year drop from S$8.4 million.
Elsewhere, from Tesla raising the price of its Cybertruck Cyberbeast in the US, to how postal services across the world are cutting off parcel deliveries to the US given the fast-approaching end of a tariff exception for low-value packages, more corporate and international headlines remained in focus.&nbsp;
Also on deck, what to watch when Federal Reserve Chair Jerome Powell speaks at the Jackson Hole Symposium in a couple of hours&rsquo; time.
On Market View, Money Matters&rsquo; finance presenter Chua Tian Tian unpacked the developments with Benjamin Goh, Head of Research and Investor Education, SIAS.

Your evening guide to the day's most important topics — navigate the key events in politics, business, markets, wealth management, and top investment opportunities. Keeps you informed and ahead of the curve, daily.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters with Hongbin Jeong and Chua Tian Tian

Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)

Market View: Powell’s speech at Jackson Hole Economic Symposium in focus; Postal services cut off parcel deliveries to the US with Trump’s de minimis exemption coming to an end; Nio’s shares up over 9% on new ES8 SUV, Tesla raises prices of Cyberbeast; SingPost’s Q1 operating profit tumbles 60% yoy; LHN, Dezign Format to watch

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