Market View: Asian equities up as investors mull US-China trade war, digest Fed’s latest “Beige Book” of economic conditions; JPMorgan Chase’s Jamie Dimon on “cockroaches” in the financial sector; Anthropic reportedly aims to nearly triple annualised revenue run rate next year; TSMC ADR premiums top two decade highs, Samsung Electronics’ shares hit all-time high; Temasek, Nvidia, Blackrock part of group striking US$40 billion data centre deal to fuel AI boom; Soon Hock Enterprise, SIA to watch
Description
Singapore shares dipped today despite most Asian markets recording gains.
The Straits Times Index was down 0.49% at 4,346.92 points at 11.51am Singapore time, with a value turnover of S$667.54M seen in the broader market.
In terms of counters to watch, we have SIA Group after the group said passenger traffic in September for Singapore Airlines (SIA) and subsidiary Scoot rose 3.7 per cent year on year.
Elsewhere, from how an investor group including BlackRock, Microsoft and NVIDIA is buying one of the world’s biggest data centre operators to Wall Street's overnight performance amid big bank earnings out of corporate America – more corporate and international headlines remained in focus.
On Market View, Money Matters’ finance presenter Chua Tian Tian dived into the details with David Chow, Director, Azure Capital.
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