Market View: What would a possible reopening of the US government mean for US data releases and Asia markets?; Fed Governor Michael Barr’s comments on AI and economic transformation at Singapore Fintech Festival 2025; SoftBank sells Nvidia stake for US$5.8B; Laopu Gold, Trip.com and Baidu’s SDR listings on SGX; Singtel, F&N to watch
Description
Singapore shares moved higher today as most Asian markets traded in the green.
The Straits Times Index was up 0.39% at 4,560.06 points at 2.20pm Singapore time, with a value turnover of S$931.48M seen in the broader market.
In terms of counters to watch for today, we have Singtel, after the company today posted a 176.4 per cent increase in net profit to S$3.4 billion for the first half-year ended September, from S$1.2 billion in the year-ago period.
Elsewhere from how the Singapore Exchange today listed three new Singapore Depository Receipts (SDRs): Laopu Gold, Trip.com and Baidu, to what a possible reopening of the US government means for the resumption of official data releases, more corporate and international headlines remained in focus.
Plus – investors’ reaction to SoftBank’s sale of Nvidia stocks for US$5.8 billion.
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Kenneth Goh, Director, Private Wealth Management, UOB Kay Hian.
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