Market View: TSMC’s profit topped estimates with 57% rise in December quarter; Asian markets extends global rally on below forecast US inflation, healthy bank earnings, ceasefire deal between Israel and Hamas; Apple dethroned as China’s biggest smartphone seller; SIA’s passenger numbers up 7.1% yoy in December and more
Description
Singapore equities began in the positive territory today tracking gains in global markets.
In early trade, the Straits Times Index (STI) climbed 1.2 per cent to 3,816.94 points after 41.7 million securities changed hands in the broader market.
In terms of companies to watch, we have Singapore Airlines, after the national carrier and its low-cost arm carried a total of 3.6 million passengers in December 2024, up 7.1 per cent from the previous year.
Elsewhere, from how Asian markets reacted to healthy US bank earnings and a below forecast inflation print, to how Taiwan Semiconductor Manufacturing Company’s profit in the December quarter topped estimates, more international and corporate 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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