Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)Market View: SGX-listed property developers in focus as investors digest higher Seller’s Stamp Duty rates; Info-Tech System shares rise 9.2% in trading debut; Singapore’s retail sales up 1.4% yoy in May; Trump’s tax package clears final hurdle in Congress, the US President to start sending letters to trade partners
Singapore shares dipped today as investors continue to mull new property cooling measures in the country.
The Straits Times Index was down 0.23% at 4,010.52 points at 1.29pm Singapore time, with a value turnover of S$620.57M seen in the broader market.
SGX-listed property developers are in focus today as the Singapore Government raised the Seller’s Stamp Duty (SSD) rates by four percentage points, and extended the holding period that SSD applies from three to four years.
Meanwhile, from how US President Donald Trump’s tax package cleared its final hurdle in Congress, to how the President is planning to start sending letters to the US’ trading partners to inform them of their tariff rates, 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.
