Market View: Nvidia’s CEO Jensen Huang on AMD-OpenAI deal; Oracle’s cloud margins on Nvidia chips — have the AI rally gone too far, and too soon?; HSBC plans to take Hang Seng Bank private at US$37B valuation; Chinese stocks up after weeklong break; Netflix to bring video games to TV service; Keppel Reit to watch
Description
Singapore shares dipped today as Asian markets mostly traded in the green.
The Straits Times Index fell 0.15% to 4,449.53 points at 11.55am Singapore time, with a value turnover of S$639.56M seen in the broader market.
In terms of counters to watch, we have Keppel Reit, after the manager of the real estate investment trust (Reit) announced today that the private placement to raise about S$113 million for the acquisition of Top Ryde City Shopping Centre in Sydney, Australia, has closed.
Elsewhere, from how HSBC Holdings plans to take Hang Seng Bank private in a deal that values the lender at US$37 billion to Netflix bringing video games to its TV service for the first time – more corporate headlines remained in focus.
Also on deck – how Chinese stocks fared as investors returned after a long break and whether the ongoing AI rally has gone too fast and too far.
On Market View, Money Matters’ finance presenter Chua Tian Tian dived into the details with Terence Wong, CEO, Azure Capital.
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