The Evening Runway with Hongbin Jeong, Roshan Gidwani & Chua Tian Tian (4pm - 7pm)Market View: US September CPI; Seven & i to split into two to fend off takeover; ByteDance lays off 700 workers from Malaysia unit; Tesla’s two door robotaxi; AMD to start production of new MI325X AI chip; Singapore’s monetary policy; China’s stimulus and more
Singapore stocks began the morning trading in positive territory, shrugging off global market jitters from overnight losses.
In early trade, the Straits Times Index (STI) rose 0.4 per cent to 3,599.98 points after 46.6 million securities changed hands in the broader market.
In terms of companies to watch today, we have Top Glove, after the glove manufacturer yesterday reported a significantly narrower fourth-quarter net loss of RM3.6 million (S$1.1 million).
Elsewhere, from how economists are expecting the Monetary Authority of Singapore to hold its currency band steady on Monday, to expectations ahead of a news conference in China held tomorrow – more local and international headlines remain in focus.
Also on deck – news surrounding Seven & i, Bytedance, AMD and Tesla.
On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.
