Market View: Warren Buffett’s farewell letter, Occidental Petroleum’s results in focus; Asian equities up on hopes that US government shutdown is nearing an end; China’s internet platforms reportedly quietly reviving consumer lending ; Singapore blue-chip earnings due this week; SingPost, Singtel, Yangzijiang Financial to watch
Description
Singapore shares dipped today amid positive trade in Asia.
The Straits Times Index was down 0.33% at 4,477.47 points at 2.27pm Singapore time, with a value turnover of S$1.10B seen in the broader market.
In terms of companies to watch, we have SingPost, after the postal operator posted a 12.8 per cent drop in net profit to S$19.7 million for its first half ended Sep 30, from S$22.6 million in the previous corresponding period.
Elsewhere, from how Asian equities rallied on hopes that the US government shutdown could be nearing an end, to a look ahead to Singapore blue chip earnings due this week, more international and corporate headlines remained in focus.
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with David Kuo, Co-founder, The Smart Investor.
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