Market View: Trump, Japan PM Sanae Takaichi ink rare earths deal ahead of Trump-Xi meeting, China and Asean upgrades free trade pact; Amazon reportedly planning to cut as many as 30,000 corporate jobs; SGX ETF market hits record S$16.3 billion AUM in Q3; Keppel Pacific Oak US Reit, Seatrium to watch
Description
Singapore shares moved higher today even as most Asian markets traded lower.
The Straits Times Index was up 0.4% at 4,458.06 points at 2.35pm Singapore time, with a value turnover of S$1.03B seen in the broader market.
In terms of counters to watch, we have Keppel Pacific Oak US Reit, after the US office-focused Reit posted distributable income of US$30.4 million for the third quarter ended Sep 30, down 14.8 per cent from US$35.7 million in the previous corresponding period.
Elsewhere, from how Japanese Prime Minister Sanae Takaichi and US President Donald Trump today signed a framework agreement for securing the supply of rare earths and what this means for US-China trade ahead of Trump’s meeting with Chinese President Xi Jinping, to how Amazon is reportedly planning to cut as many as 30,000 corporate jobs beginning today, more international and corporate headlines remained in focus.
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Too Jun Cheong, Dealing Manager from Moomoo Singapore.
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