The Evening Runway with Hongbin Jeong, Roshan Gidwani & Chua Tian Tian (4pm - 7pm)Market View: Sell off in ASML shares amid disappointing 2025 forecast, Impact on US, European, Asian markets, TSMC, Tokyo Electron, Advantest; STI movements; SIA’s passenger capacity for Sep up 9.7%; CDL Hospitality Trusts acquiring upscale boutique hotel in Exeter; Food Innovator Holdings’ IPO on SGX Catalist; Qualcomm vs Intel; Trump’s crypto platform’s launch
Singapore stocks began the day trading in positive territory, despite overnight losses in markets abroad.
In early trade, the Straits Times Index (STI) rose 0.2 per cent to 3,603.31 points after 53.8 million securities changed hands in the broader market.
In terms of companies to watch today, we have Singapore Airlines, after SIA Group’s passenger capacity for September rose 9.7 per cent, outpacing the month’s 7.7 per cent passenger traffic growth.
Elsewhere from a selloff in global technology stocks amid disappointing guidance from Dutch chip giant ASML, to news of Qualcomm likely waiting for the US election before deciding a move on Intel, more corporate headlines remain in focus.
Also on deck – how former US President Donald Trump’s cryptocurrency platform World Liberty Financial had a faltering sales launch.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Too Jun Cheong, Assistant Dealing Manager from Moomoo Singapore.
