Market View: From fried chicken to technology counters - what Nvidia CEO Jensen Huang’s visit to South Korea means for the country; Asia’s movements on the back of easing China-US tensions, Fed rate cut, Healthy earnings from Apple, Amazon; Sheng Siong shares hit all-time high; CapitaLand and Mapletree reportedly mulling merger; Asia’s factories stumble as US tariffs hit order books; McDonald’s, AMD, Qualcomm – Earnings to watch this week; Jardine Matheson to watch
Description
Singapore shares inched higher today, tracking positive movements seen in Asia.
The Straits Times Index was up 0.43% at 4,447.66 points at 2.36pm Singapore time, with a value turnover of S$968.93M seen in the broader market.
In terms of companies to watch, we have Jardine Matheson, after the London-listed conglomerate said in a bourse filing today that it intends to repurchase up to US$250 million worth of shares under a proposed share buyback scheme.
Elsewhere, from how shares of supermarket operator Sheng Siong hit an all-time high, to how business surveys showed Asia’s big manufacturing hubs struggling to fire up in October, more corporate and international headlines remained in focus.
Also on deck – from fried chicken stocks to big technology players – all about the impact of Nvidia CEO Jensen Huang’s visit to South Korea.
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with David Kuo, Co-founder, The Smart Investor.
See omnystudio.com/listener for privacy information.
United States
