Market View: Positivity in Asia as Trump tones down trade rhetoric; Mineral producers in Sydney up on deal to ramp up rare earth shipments to the US; Tokyo hits new high after Sanae Takaichi reaches deal to form new coalition; Sea’s Forrest Li sees path to US$1 trillion market cap with help of AI; Arm expands AI licensing program to boost on-device AI market share; Netflix, Coca-Cola, Tesla and Intel’s earnings in focus; Jardine Matheson to delist Mandarin Oriental, Hong Leong Asia to watch
Description
Singapore shares logged gains today, tracking advances in Asia.
The Straits Times Index was up 1.24% at 4,382.52 points at 2.46pm Singapore time, with a value turnover of S$1.14B seen in the broader market.
In terms of companies to watch today, we have Jardine Matheson and Mandarin Oriental, after Jardine Matheson said it will be delisting Mandarin Oriental at US$3.35 per share.
Elsewhere, from how Tokyo climbed over one per cent today with Japan set to get its first woman prime minister, to how Sea Group’s founder Forrest Li sees a US$1 trillion market capitalisation for the firm with the help of artificial intelligence, more international and corporate headlines remained in focus.
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Dan Chang, Investment Specialist and Trading Representative, PhillipCapital.
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