Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)Market View: Trump not firing Fed Chair Powell, to send tariff letters to over 150 countries; TSMC reports better than expected 61% jump in profit for June quarter; China pledges to rein in “irrational competition” in electric vehicle sector; Alimentation Couche-Tard withdraws US$47B offer for Seven & i Holdings; mm2 Asia, Amara Holdings to watch
Singapore shares rose today as investors continue to mull US President Donald Trump’s tariff threats to trading partners around the world.
The Straits Times Index was up 0.55% at 4,154.89 points at 2.45pm Singapore time, with a value turnover of S$882.07M seen in the broader market.
In terms of companies to watch, we have embattled entertainment player mm2 Asia, as the group is seeking to delay a S$54 million bond repayment by six years to the end of December 2031.
Elsewhere, from Taiwan Semiconductor Manufacturing Company posting a better-than-expected 61 per cent jump in profit for the June quarter, to China pledging to rein in “irrational competition” in its electric vehicle (EV) sector – more corporate and international headlines remain in focus.
Plus – the ongoing saga between US President Donald Trump and Federal Reserve Chair Jerome Powell.
On Market View, Money Matters’ finance presenter Chua Tian Tian dived into the details with David Chow, Director, Azure Capital.
