Market View: Fed comments on rates; Asian equities track Wall Street losses; Tesla CEO Elon Musk's US$878B pay plan; US reportedly blocking Nvidia’s sale of scaled-down AI chips to China; China’s exports unexpectedly slumped in October; OCBC’s Q3 earnings beat expectations; Shares of Singtel surge to new high on Bharti Airtel sale, talks for data centre deal; CapitaLand Investment, Genting Singapore Limited, Yangzijiang Financial to watch
Description
Singapore shares dipped today as Asian markets traded lower.
The Straits Times Index was down 0.11% at 4,480.03 points at 1.42pm Singapore time, with a value turnover of S$1.21B seen in the broader market.
In terms of counters to watch, we have OCBC. The lender had reported a flat third-quarter net profit of S$1.98 billion today, beating a S$1.79 billion consensus forecast in a Bloomberg survey of five analysts.
Elsewhere from how shares of Singtel surged on the back of the sale of shares in Bharti Airtel, to how China’s exports unexpectedly slumped in October – more corporate and international headlines remained in focus.
Also on deck – what comments from Federal Reserve officials on inflation mean for markets.
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Benjamin Goh, Head of Research and Investor Education, SIAS.
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