Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)Market View: Squid Game helps Netflix beat Wall Street Q2 earnings targets; Japanese investors nervous ahead of Sunday’s elections, doubling of rice prices in June; US set to impose 93.5% duty on China battery material; DBS, Food Empire, OCBC, Wilmar International to watch
Singapore shares moved higher today amid mixed trading in the region.
The Straits Times Index was up 0.54% at 4,184.04 points at 12.53pm Singapore time, with a value turnover of S$607.68M seen in the broader market.
In terms of counters to watch, we have Food Empire, after the group today announced its partnership with Santan Food Services, a brand under an AirAsia unit, to co-develop and launch a range of ready-to-drink beverages.
Elsewhere, from more on Netflix’s latest quarterly earnings to how the US Commerce Department is set to impose preliminary anti-dumping duties of 93.5 per cent on Chinese imports of graphite, a key battery component, more corporate and 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.
