Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)Market View: Trump warns Russia’s trading partners of steep tariffs if Moscow fails to end war on Ukraine within 50 days; US Treasury Secretary Scott Bessent said to skip a G20 meeting in South Africa; China’s economy grew 5.2% in April-June; Nvidia plans to resume sales of H20 AI chip to China; China Medical System’s secondary listing on SGX; BRC Asia, Frasers Centrepoint Trust to watch
Singapore share inched higher today as investors mull a slew of economic indicators out of China.
The Straits Times Index was up 0.14% at 4,114.90 points at 12.58pm Singapore time, with a value turnover of S$566.25M seen in the broader market.
In terms of counters to watch, we have BRC Asia, after the prefabricated steel reinforcement company secured around S$570 million worth of contracts for the Changi Airport Terminal 5 project, where it will supply steel reinforcement for the substructure of the upcoming terminal.
Elsewhere, from China’s economy expanding more than five per cent in the second quarter of the year, to how Nvidia said it plans to resume sales of its H20 artificial intelligence chip to China – more international and corporate headlines remain in focus.
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Thilan Wickramasinghe, Head of Equity Research, Maybank Securities.
