Market View: Tokyo’s Nikkei surges over 4 per cent on fiscal dove Takaichi’s election win; Gold tops US$3,900 for first time on safe-haven demand; Stellantis reportedly planning US$10 billion in US turnaround investments; Challenges S-Reits face in adopting an internal management model; AEM to watch
Description
Singapore shares nudged higher today as Asian markets traded mixed.
The Straits Times Index was up 0.1% at 4,416.27 points at 12.57pm Singapore time, with a value turnover of S$536.62M seen in the broader market.
In terms of companies to watch, we have AEM after US semiconductor test equipment supplier Advantest Test Solutions made allegations of patent infringement against AEM and its subsidiaries.
Elsewhere, from how Tokyo’s Nikkei surged over four per cent to a record high early on after fiscal dove Sanae Takaichi was elected to lead Japan’s ruling party, to how Stellantis is reportedly planning to invest about US$10 billion in the US – more international and corporate headlines remain in focus.
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Chin Hui Leong, Co-founder, The Smart Investor.
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