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Podcast: Money Matters with Hongbin Jeong and Chua Tian Tian
Episode: Market View: Investors mull high valuations on Wall Street, mixed Fed messaging on interest rates; Alibaba unveils most powerful AI language model; IMF says South Korea should maintain accommodative fiscal, monetary policy settings; Looking ahead to US August PCE Price Index; Seatrium to watch
Description: Singapore shares dipped earlier today amid a mixed session for Asian markets. The Straits Times Index moved 0.29% lower to 4,290.13 points at 2.16pm Singapore time, with a value turnover of S$754.49M seen in the broader market. In terms of counters to watch for today, we have Seatrium. The offshore, marine and energy engineering solutions provider announced yesterday that it has divested its AmFELS shipyard in Brownsville, Texas, for a consideration of S$65 million. Elsewhere, from Chinese e-commerce giant Alibaba announcing its largest-ever artificial intelligence (AI) language model, to what mixed messages from the F...