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Market View: Trump fires top Labor Department official on market-shocking weak US non farm payrolls reading; BYD shares fell in Hong Kong on sputtering monthly sales growth; Oil prices extend declines as Opec+ agrees to hike output in September; CDL to watch; SG and global earnings in focus

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Singapore shares moved higher today amid mixed trading in Asia as investors mulled the impact of new US tariffs. 

The Straits Times Index was up 0.82% at 4,188.02 points at 2.23pm Singapore time, with a value turnover of S$865.44M seen in the broader market.

In terms of companies to watch, we have City Developments Ltd, after its executive chairman Kwek Leng Beng told The Business Times that his plans are for the group’s portfolio of hotels to reach the 500 mark. 

Elsewhere, from how BYD shares fell in Hong Kong trading on the back of sputtering monthly sales growth, to US market movements after a weak July non farm payrolls report out on Friday and how Trump fired the commissioner of labour statistics after the reading was released – more corporate and international headlines remain in focus.

Also on deck – what to watch on the earnings front this week. 
 
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with David Kuo, Co-founder, The Smart Investor.

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