The Evening Runway with Hongbin Jeong, Roshan Gidwani & Chua Tian Tian (4pm - 7pm)Market View: US Fed Rate cut - 25bps or 50bps?; Tiktok on divestment of Chinese ownership; DFI’s Giant to close Toa Payoh Supermarket; Goldman Sachs, Citigroup lower projections for China’s full year growth; Japanese yen hit 140.43 per dollar and more
Singapore stocks began the day by trading in negative territory. That’s despite gains seen in global markets last Friday.
In early trade the Straits Times Index (STI) dropped 0.2 per cent to 3,556.1 points after 27 million securities changed hands in the broader market.
In terms of companies to watch, we have Sembcorp Industries. The group’s subsidiary Sembcorp Green Hydrogen India is “in discussions” with Indian oil and gas company Bharat Petroleum Corporation to enter into a definitive joint-venture agreement for renewable energy and green hydrogen projects across India.
Elsewhere, from more on what to expect ahead of the highly anticipated interest rate decisions by the US Federal Reserve and the Bank of Japan, to Goldman Sachs and Citigroup cutting China’s 2024 forecast, more international headlines remain in focus.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Chin Hui Leong, Co-founder, The Smart Investor.
