Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)Market View: Trump strikes positive tone on China, warns of hitting pharmaceuticals with tolls that could reach 250%; AMD’s China concerns overshadow upbeat sales; Cathay Pacific makes first Boeing order in 12 years; Keppel, Sats to watch
Singapore shares nudged higher as at afternoon time today as investors continue to mull the evolving global trade situation.
The Straits Times Index was 0.37% higher at 4,224.17 points at 3.01pm Singapore time, with a value turnover of S$906.23M seen in the broader market.
In terms of companies to watch today, we have Keppel, after the group yesterday amended the terms of the sale of its 70 per cent stake in Saigon Sport City, with lower prices than previously announced.
Elsewhere, from more on Advanced Micro Devices’ latest earnings and its comments on a possible return to the crucial China market, to how Cathay Pacific Airways said it would place a US$8.1 billion (S$10.4 billion) order for 14 Boeing 777-9 jets in its first deal with the US planemaker in 12 years – more corporate headlines remain in focus.
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Dan Chang, Investment Specialist and Trading Representative, PhillipCapital.
