Market View: Nvidia to invest up to US$100B in OpenAI; Looming US government shutdown; Gold prices climb to record high ahead of Fed Chair Powell’s speech; Taipei jumps over 1%, TSMC up nearly 3% on Nvidia-OpenAI deal; Singapore’s core inflation yoy falls to lowest since Feb 2021 in August; Keppel to watch
Description
Singapore shares were little moved as Asian markets struggled for direction today.
The Straits Times Index nudged 0.04% higher to 4,299.17 points at 2.36pm Singapore time, with a value turnover of S$911.64M seen in the broader market.
In terms of counters to watch, we have Keppel. That’s after the infrastructure division of asset manager Keppel and Keppel Asia Infrastructure Fund (Kaif) announced today a joint divestment of their combined 80 per cent interest in 800 Super Holdings.
Elsewhere, from how Singapore’s core and headline inflation slowed in August, contrary to expectations, to how Nvidia will invest up to US$100 billion (S$128 billion) in OpenAI and supply it with data centre chips, more economic and corporate headlines remained in focus.
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Kelvin Wong, Senior Analyst, OANDA.
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