Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)Market View: Tariff woes return as Trump prepares to send tariff letters to trade partners, Extra 10 per cent to for countries aligning with BRICS; Oil prices slip over 1% after Opec+ hikes output by more than expected in August; Trump slams Elon Musk’s new political party; Top 10 best performing stocks on STI; Del Monte Pacific to watch
Singapore shares rose today even as tariff worries returned to the fore this week.
The Straits Times Index was up 0.25% at 4,023.71 points at about 2.17pm Singapore time, with a value turnover of S$654.40M seen in the broader market.
In terms of companies to watch, we have Del Monte Pacific, after the group said today that it is expecting a capital deficit on its balance sheet from write-offs in relation to its US subsidiary Del Monte Foods.
Elsewhere, from how US President Donald Trump is set to send his first tariff letters to trading partners overnight, to oil prices slipping more than 1 per cent today after Opec+ surprised markets by hiking output more than expected in August – more international headlines remained in focus.
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with David Kuo, Co-founder, The Smart Investor.
