A takeover battle, a surging underdog, and China stepping onto the pitch — this story has everything.

In today’s episode, Michelle and Ryan unpack Puma’s sudden leap into acquisition headlines, with potential buyers including Anta, Li Ning, and Asics — alongside sector giants Nike and Adidas.

We also break down CNBC’s list of US stocks that are outperforming and still look cheap, plus a packed UP or DOWN lineup featuring Alibaba, Digital Realty Trust, OCBC and MetaOptics.
Hosted by Michelle Martin with Ryan Huang.

The Straits Times Index, DFI Retail, Mapletree Industrial Trust and UOL also make an appearance as we wrap the local market picture.

A fast, fiery six-line sprint through the biggest global and Singapore market movers today.