Market View: Asia’s movements given uncertainties surrounding planned Trump-Putin meeting, US earnings season; Singapore to announce more details of “Value Unlock” programme in November; STI could rise to nearly 10,000 by 2040: DBS Report; Nikkei trims losses after sources say PM Sanae Takaichi preparing large economic stimulus to tackle inflation; Airbus opens second jet assembly line in China; CNMC Goldmine, Soilbuild Construction to watch
Description
Singapore shares inched higher today even as most Asian markets recorded losses.
The Straits Times Index was up 0.36% at 4,396.66 points at 2.13pm Singapore time, with a value turnover of S$826.55M seen in the broader market.
In terms of counters to watch, we have CNMC Goldmine after gold and silver saw their steepest sell-off in years, with investors looking to lock their profits in.
Elsewhere, from how a DBS’ Singapore report said the STI could rise to nearly 10,000 points by 2040, to how Airbus opened a second assembly line in China, more financial and corporate headlines remained in focus.
Plus – how sources said Japan’s new Prime Minister Sanae Takaichi is preparing an economic stimulus package that is likely to exceed last year’s US$92 billion to help households tackle inflation.
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Kelvin Wong, Senior Analyst, OANDA.
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