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Podcast: Money Matters with Hongbin Jeong and Chua Tian Tian
Episode: Market View: US government shuts down; Asian factories struggle as soft China, US demand takes toll; Japan’s top trade negotiator says Trump’s US$550 billion demand won’t weaken yen; Pfizer’s drug price cuts and Trump’s tariff reprieve; Coliwoo, Leong Guan lodge preliminary documents for SGX listings; Singapore overtakes London in ranking of world’s busiest IPO destination
Description: Singapore shares inched higher today as Asian markets traded mixed. The Straits Times Index went up by 0.6% to 4,325.96 points at 2.25pm Singapore time, with a value turnover of S$935.51M seen in the broader market. In terms of companies to watch today, we have LHN, after the property management group said its co-living business Coliwoo has lodged a preliminary prospectus for a Singapore Exchange mainboard listing. Elsewhere, from how global markets are reacting to a US government shutdown that began today, to how private surveys showed factory activity shrank in most of Asia’s...