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.

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: 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

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