The Evening Runway with Hongbin Jeong, Roshan Gidwani & Chua Tian Tian (4pm - 7pm)Market View: TSMC’s forecast beating 54% jump in Q3 profit; Nestle revamping operating structure, Layoffs reported at Meta; Airbus, McKinsey said to cut jobs; China’s housing policy briefing; Sembcorp Green Infra bags wind-solar project in India; Yeo Hiap Seng further buys shares in Vitasoy; SG Sep NODX up 2.7% yoy; Malaysian Budget 2025
Singapore shares were trading higher this morning, following news that the country’s key exports in September grew 2.7 per cent year on year, extending the 10.7 per cent jump in the previous month.
In early trade, the Straits Times Index (STI) rose 0.7 per cent to 3,615.62 points after 39.7 million securities changed hands in the broader market.
In terms of companies to watch, we have Sembcorp. The group’s renewables subsidiary Sembcorp Green Infra bagged a contract for a 150 megawatt wind-solar hybrid power project in India from Solar Energy Corporation of India.
Elsewhere, from more details on a housing policy briefing in China, to TSMC’s earnings, we’ve got more local and international headlines in focus.
Plus – news of layoffs at industry heavyweights Meta, McKinsey and Airbus and what that means for the global economy.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director Azure Capital.
