Market View: Concerns over circularity of AI deals after Microsoft and Nvidia commit to invest up to a combined US$15 billion in Anthropic; Asian markets down over worries of possible AI bubble, Fed rate uncertainties; Nvidia’s earnings in focus; Temasek’s CEO Dilhan Pillay on hedging costs amid USD weakness; Singtel’s outage affects over 1,600 users; Coliwoo, LHN to watch
Description
Singapore shares were little moved today as Asian markets traded lower.
The Straits Times Index was down 0.03% at 4,503.46 points at 12.53pm Singapore time, with a value turnover of S$703.45M seen in the broader market.
In terms of companies to watch, we have for you Singtel, after the telco was hit by an outage yesterday, with more than 1,600 users affected at its peak at 4.55 pm.
Elsewhere, from how Microsoft and Nvidia are committing to invest up to a combined US$15 billion (S$19.5 billion) in Anthropic, to Temasek’s CEO Dilhan Pillay’s comments on hedging costs amid the US dollar’s recent weakness, more corporate and international headlines remained in focus.
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with James Cheo, Chief Investment Officer, Southeast Asia and India at HSBC Global Private Banking and Wealth.
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