Market View: Chery Automobile rocketed over 13% in Hong Kong trading debut; White House tells agencies to gear up for job cuts in shutdown; LVMH reportedly ramping up expansion in South Korea; Some BoJ board members called for resuming rate hikes at July meeting; OCBC, Singtel, F&N to watch
Description
Singapore shares dipped today amid a tepid day in the region.
The Straits Times Index was down 0.21% at 4,281.46 points at 11.51am Singapore time, with a value turnover of S$584.48M seen in the broader market.
In terms of counters to watch, we have OCBC, after the bank said yesterday that its current group chief credit officer for wholesale, Carina Lee, will be its new chief risk officer from 2026.
Elsewhere, from how Chery Automobile rocketed more than 13 per cent on its trading debut in Hong Kong, to how the White House budget office is telling federal agencies to prepare plans for mass firings during a possible government shutdown, 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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