Singapore shares fell today, after Wall Street and Europe closed lower the week before amid concerns over prolonged elevated global interest rates.
In early trade, the Straits Times Index (STI) dropped 0.2 per cent to 3,199.12 points after 35.4 million securities changed hands in the broader market..
In terms of companies to watch for today, we have Frasers Centrepoint Trust after its trustee has agreed to divest 143.9 million units in Malaysia’s Hektar Real Estate Investment Trust (Hektar Reit).
Meanwhile from more on Sheng Siong to Singapore’s headline inflation numbers and to China’s property stocks slumping ahead of the Golden week holiday, more local and regional headlines remain in focus.
On Market View, Drive Time’s finance presenter Chua Tian Tian unpacked these developments with David Kuo, Co-founder, The Smart Investor.
Market View: Japan’s economy fell faster than expected in Q3 vs Yen’s rally; Google’s Gemini AI model; November’s nonfarm payrolls expectations;From Vertex Spac to 17Live Group; Thomson Medical gets extension to restore public float; Sasseur Reit subsidiary’s extension of loan