Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)Market View: Tesla reports first fall in yearly deliveries; US mortgage rates climb closer to 7%; Duty-free spending slump 29.3% in Hainan, implications on luxury players; Singapore’s retail sales unexpected down 0.47% yoy in November; Keppel DC REIT divests data centre in Cyberjaya
Singapore shares began trading stronger this morning, after global indices ended mixed overnight.
In early trade, the Straits Times Index (STI) climbed 0.4 per cent to 3,816.58 points after 40.3 million securities traded.
In terms of companies to watch, we have Keppel DC Reit, after the manager of the real estate investment trust (Reit) announced yesterday that it would be divesting the Basis Bay Data Centre in Cyberjaya, Malaysia, for RM55.6 million (S$16.9 million).
Elsewhere, from more on duty-free spending slumping in the Chinese holiday island of Hainan, to Tesla’s annual deliveries falling for the first time, more international and corporate headlines are in focus.
On Market View, Money Matters' finance presenter Chua Tian Tian unpacked the developments with James Cheo, Chief Investment Officer, Southeast Asia and India at HSBC Global Private Banking and Wealth.
