Singapore shares edged up this morning, tracking gains in the US and Europe markets.  

In early trade, the Straits Times Index (STI) climbed 0.1 per cent to 3,250.52 points after 53.4 million securities changed hands in the broader market.

The semiconductor industry remains in focus after mainboard-listed UMS recorded a 42.4 per cent year-on-year drop in net profit to S$11.6 million for the second quarter ended June.

Meanwhile, China-focused property stocks and Reits listed in Singapore are also at the front and centre of investors’ minds after the country’s central bank unexpectedly cut rates to support its economy.

On Market View, the Drive Time team unpacked these developments with Toby Gresham, Investment Counselor Team Lead, Citi Private Bank.

Singapore shares edged up this morning, tracking gains in the US and Europe markets.  
In early trade, the Straits Times Index (STI) climbed 0.1 per cent to 3,250.52 points after 53.4 million securities changed hands in the broader market.
The semiconductor industry remains in focus after mainboard-listed UMS recorded a 42.4 per cent year-on-year drop in net profit to S$11.6 million for the second quarter ended June.
Meanwhile, China-focused property stocks and Reits listed in Singapore are also at the front and centre of investors’ minds after the country’s central bank unexpectedly cut rates to support its economy.
On Market View, the Drive Time team unpacked these developments with Toby Gresham, Investment Counselor Team Lead, Citi Private Bank.

Your Way Home with Hongbin Jeong is your 4–8pm drive companion,

Your Way Home with Hongbin Jeong is your 4–8pm drive companion, guiding you through the day’s biggest headlines, trending conversations and the issues shaping Singapore and the world.

From news and current affairs to lifestyle insights and generational perspectives, the show helps you make sense of what’s happening — with clarity, context and a touch of personality.

Whether you’re catching up after a long day or tuning in on the move, Your Way Home keeps you informed, engaged and connected — all the way home.

And she closes the day with a song that says it all.

Your Way Home with Hongbin Jeong is your 4&ndash;8pm drive companion, guiding you through the day&rsquo;s biggest headlines, trending conversations and the issues shaping Singapore and the world.
From news and current affairs to lifestyle insights and generational perspectives, the show helps you make sense of what&rsquo;s happening &mdash; with clarity, context and a touch of personality.
Whether you&rsquo;re catching up after a long day or tuning in on the move, Your Way Home keeps you informed, engaged and connected &mdash; all the way home.
And she closes the day with a song that says it all.

Your Way Home with Hongbin Jeong

Market View: SGX-listed Chinese property stocks/Reits – Yanlord Land Group, Dasin Retail Group; China to stop releasing youth jobless data; Semiconductor firms Frencken and UMS; Japan’s Q2 GDP - does it mask weakness in the household sector; Tesla lowers prices in the US