Market View: Asian equities surge on US-China trade deal breakthrough, KOSPI, Nikkei breach key milestones; Trump on five-day Asia tour with stops in Malaysia, Japan, South Korea; Magnificent Seven, S-REITs earnings lookahead; Toyota’s September output grows for fourth straight month; ASL Marine, NoonTalk Media to watch
Description
Singapore shares inched higher today, tracking advances seen in the region.
The Straits Times Index was up 0.59% at 4,448.32 points at 1.07pm Singapore time, with a value turnover of S$677.25M seen in the broader market.
In terms of companies to watch, we have ASL Marine, after the shipbuilder said it was working closely with the authorities regarding a fire at its Batam facility on Oct 15.
Elsewhere, from how Asian markets surged on a breakthrough in US-China trade talks, with Japan and South Korea breaching key levels, to how Toyota saw worldwide production increase by more than 10 per cent in September, more international and corporate headlines in focus.
Also on deck, a look ahead to corporate reports out of Singapore and the US this week.
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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