Market View: 4% CPF interest rate floor for Special, Medisave, Retirement accounts extended till Dec 2026; Trump’s H1-B visa crackdown; Warren Buffett’s Berkshire Hathaway fully exits BYD, Chery Automobile reportedly set to price HK IPO at high end of marketed range; Asian markets fluctuate, Tokyo lead gains with slow sell-down of ETFs; Trump, Xi to meet in South Korea; SGX, Singtel to watch
Description
Singapore shares dipped today amid mixed trade in Asia today.
The Straits Times Index was down 0.06% at 4,300.16 points at 1.15pm Singapore time, with a value turnover of S$850.13M seen in the broader market.
In terms of companies to watch, we have SGX, after the group today launched new indices that track the next tier of large and liquid mainboard companies beyond the 30 constituents of the Straits Times Index.
Elsewhere, from how the Singapore government said today that it has extended the 4 per cent CPF interest rate floor for interest earned on all Special, MediSave and Retirement Account (SMRA) monies for another year, to how Warren Buffett’s Berkshire Hathaway has fully exited Chinese automaker BYD – more financial and corporate headlines remain in focus.
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with David Kuo, Co-founder, The Smart Investor.
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