Your Way Home with Hongbin JeongYour Way Home with Hongbin Jeong

Market View: US Fed raised rate on emergency loan programme; Elon Musk on Chinese EV makers; China cuts reserve requirement ratio for banks; S-Reits - Mapletree Logistics Trust, Suntec Reit, ESR-Logos Reit, OUE Commercial Reit, Frasers Centrepoint Trust

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Singapore stocks slipped in the first few minutes of trade today, led by declines by real estate investment trusts and other index counters. That’s as investors await a slew of earnings in the coming weeks.

In early trade, Straits Times Index headed down 0.2 per cent to 3,148.54 points, after 33.9 million securities changed hands in the broader market.

In terms of companies to watch, we have Mapletree Logistics Trust. The trust manager announced a 1.2  per cent year-on-year rise in distribution per unit on the back of a resilient portfolio, contributions from acquisitions and divestment gains.

Elsewhere, from Elon Musk’s comments on Chinese EV firms to the US Federal Reserve raising the rate on its emergency loan programme, more international headlines remain in focus.

On Market View, The Evening Runway’s Timothy Go dived into the details with Terence Wong, CEO, Azure Capital.  (Produced by: Chua Tian Tian)

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Your Way Home with Hongbin Jeong

Your Way Home with Hongbin Jeong is your 4–8pm drive companion, guiding you through the day’s bigges 
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