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Podcast: Money Matters with Hongbin Jeong and Chua Tian Tian
Episode: Market View: US labour market weakness fuels bets of 25bps rate cut in Sept; Japanese Prime Minister Shigeru Ishiba to resign; China’s export growth slows to weakest in six months as shipments to US plunged; Opec+ agrees to raise oil production from October; Earnings by GameStop, Adobe, and China’s gathering of its 14th National People’s Congress Standing Committee in focus this week; CapitaLand Investment, Keppel to watch
Description: Singapore shares nudged higher early today, tracking a positive start in Asia. The Straits Times Index was up 0.11% at 4,311.95 points at 9.39am Singapore time, with a value turnover of S$266.90M seen in the broader market. In terms of companies to watch, we have CapitaLand Investment, given how CapitaLand China Trust (CLCT) will subscribe for 5 per cent of the 400 million initial public offering (IPO) units in CapitaLand Commercial C-Reit (CLCR), priced at 5.718 yuan per unit. Elsewhere, from how Tokyo rose on the back of Japanese Prime Minister Shigeru Ishiba’s decision to resign, to h...