Market View: Nvidia’s blowout earnings; CEO Jensen Huang’s comments on supply of Blackwell chips to meet demand; Asian markets rally on Nvidia’s earnings, Samsung, SK Hynix, TSMC, SoftBank enjoy gains; SGX-Nasdaq dual-listing highway; Hong Kong’s stock rally faces test given year-end expirations of share-sale restrictions; Manulife US Reit to watch
Description
Singapore shares nudged higher today as investors remained laser focused on the outlook of the global AI boom.
The Straits Times Index was up 0.25% at 4,516.51 points at 12.04pm Singapore time, with a value turnover of S$664.71M seen in the broader market.
In terms of counters to watch, we have the Singapore Exchange. That’s after the Monetary Authority of Singapore yesterday announced plans to allow companies to list on both SGX and Nasdaq using a single set of listing documents under a new “dual-listing bridge”.
Elsewhere, from blowout earnings from chip powerhouse Nvidia to the outlook for Hong Kong stocks as year-end expirations of share-sale restrictions threaten to spur volatility – more corporate and international headlines remain in focus.
On Market View, Money Matters’ finance presenter Chua Tian Tian dived into the details with David Chow, Director, Azure Capital.
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