Market View: Trump expresses optimism in meeting with China’s Xi; Optimism surrounding US tech sector, Nvidia’s updates at GTC, Qualcomm’s new AI accelerator chips, AMD-US Department of Energy US$1B supercomputer and AI partnership; Look ahead to Fed’s rate decision; Toyota says it did not explicitly promise Trump new US$10 billion investment in US; Malaysia’s ban on raw rare earths exports; Amazon to invest another US$5 billion in South Korea data centres; Keppel Reit to watch
Description
Singapore shares dipped today even as most Asian markets traded in the green.
The Straits Times Index was down 0.34% at 4,435.25 points at 12.10pm Singapore time, with a value turnover of S$521.12M seen in the broader market.
In terms of counters to watch, we have Keppel REIT, after the manager of the Reit posted a 0.6 per cent lower distributable income of S$159.6 million for the first nine months of its financial year.
Elsewhere, from Toyota Motor’s comments that it did not explicitly promise a new US$10 billion investment in the United States, to one last look at the expectations ahead of the US Federal Reserve’s next monetary policy move, more corporate and international headlines remained in focus.
Plus – how Amazon is setting aside another US$5 billion for investment in South Korean data centres.
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Thilan Wickramasinghe, Head of Equity Research, Maybank Securities.
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