Market View: Senators on Capitol Hill passed compromise US budget measure; Apple reportedly delaying next version of iPhone Air; Intel CEO to oversee firm’s AI efforts after executive departs for OpenAI; Klook files for US IPO; Boustead, Yoma Strategic, Jardine Cycle and Carriage, CSE Global, mm2 Asia to watch
Description
Singapore shares moved higher today as investors continue to set their sights on earnings out of the country.
The Straits Times Index was up 1.02% at 4,533.91 points at 2.34pm Singapore time, with a value turnover of S$1.23B seen in the broader market.
In terms of companies to watch, we have CSE Global, after the company entered into an agreement to issue nearly 63 million new warrants to Amazon.com NV Investment Holdings, a wholly owned subsidiary of Amazon.
Elsewhere, from how senators on Capitol Hill passed the compromise budget measure overnight to fund departments through January, to how travel and leisure booking platform Klook Technology filed for an initial public offering in New York, more international and corporate headlines remained in focus.
Plus, how Apple will reportedly not release the next version of the iPhone Air in the fall of 2026 as previously planned, and how Intel’s CEO Lip-Bu Tan will oversee the chipmaker’s AI efforts after its Chief Technology Officer left the company for OpenAI
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Willie Keng, Founder, Dividend Titan.
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