The Evening Runway with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)Market View: Prospects of a Trump vs Harris presidency and implications of equities; US earnings season, Movements in Asian markets; Outlook for Japanese yen, equities; CDL Hospitality Trusts, Japfa back in the black; ByteDance founder Zhang Yiming is China’s richest person in new annual rich list
Singapore shares opened almost flat today, after US and Europe’s indices rose overnight.
In early trade, the Straits Times Index (STI) rose 0.02 per cent to 3,584.79 points after 26.8 million securities changed hands in the broader market.
In terms of counters to watch, we have CDL Hospitality Trusts. The stapled group’s net property income for the third quarter ended Sep 30 fell 6.8 per cent to S$36.3 million, from S$39 million in the previous corresponding period.
Elsewhere, from volatilities ahead of the US election and the Bitcoin rising beyond US$70,000 for the first time since June, more international headlines remain in focus.
Also on deck – the short term outlook for the Japanese currency and equities, as well as how the earnings season in Singapore and the US is shaping up thus far.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Eddy Loh, Chief Investment Officer, Maybank Group Wealth Management.
