Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)Market View: Trump threatens 50% tariff on copper imports, warns levies on semiconductors and pharmaceuticals, Asian investors’ reactions in focus; China’s producer deflation deepens to worst level in almost two years in June; US FOMC Minutes due overnight; OCBC, Great Eastern, Mapletree Industrial Trust to watch
Singapore shares rose today as investors mull new tariff threats by US President Donald Trump.
The Straits Times Index was up 0.23% at 4,056.99 points at 11.31am Singapore time, with a value turnover of S$490.29M seen in the broader market.
In terms of counters to watch for today, we have OCBC and Great Eastern, given how the insurer will resume trading after a vote for it to be delisted fell through at its extraordinary general meeting yesterday.
Elsewhere, from Trump’s latest comments to impose a 50 per cent tariff on imported copper, to China’s producer deflation deepening to its worst level in almost two years in June – more international headlines remain in focus.
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Kenneth Goh, Director, Private Wealth Management, UOB Kay Hian.
