Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)Market View: S&P 500, Nasdaq hitting fresh peaks despite Trump’s 35% tariff warning on Canada, comments to impose blanket tariffs of up to 20% on most other countries; Asian market movements today; PBOC adviser urges 1.5 trillion yuan stimulus to counter US tariffs; Analysts say GoTo’s stock is poised for rebound; OCBC Helen Wong’s retirement; Singtel, Grand Venture Technology to watch
Singapore shares moved higher today even as traders continue to mull news on the global trade front.
The Straits Times Index was up 0.42% at 4,092.74 points at about 2.38pm Singapore time, with a value turnover of S$878.99M seen in the broader market.
In terms of counters to watch, we have Singtel, because the local telecommunications giant’s technology services arm, NCS, will invest S$130 million over the next three years to further its artificial intelligence (AI) development across the Asia-Pacific.
Elsewhere, from the S&P 500 index and the tech-rich Nasdaq Composite hitting fresh peaks despite Trump’s latest tariff salvo, to academics, including an adviser to the People’s Bank of China urging the country to add as much as 1.5 trillion yuan (S$268 billion) in fresh stimulus to boost consumer spending and maintain currency flexibility to counter US tariffs’ drag on growth – more international headlines remain in focus.
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Benjamin Goh, Head of Research and Investor Education, SIAS.
