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Podcast: Money Matters with Hongbin Jeong and Chua Tian Tian
Episode: Market View: Markets tumble as US labour market data fails to provide clearer rate outlook; Asian markets track global rout; Japan approves 21.3 trillion yen stimulus to mitigate inflation pain; Foxconnâs chairman says firm can make 1,000 AI racks a week; ComfortDelGro, Hongkong Land to watch
Description: Singapore stocks fell today, triggered by declining expectations of a Federal Reserve rate cut. This follows a wider regional rout after markets tumbled earlier this week on fears of an artificial intelligence bubble. In terms of counters to watch, we have ComfortDelGro, after the transport operator yesterday announced senior leadership changes, which included the creation of a new âpoint-to-point mobility officerâ role. Elsewhere, from what the latest US labour market data mean for the Federal Reserve, to how Japanese Prime Minister Sanae Takaichiâs Cabinet approved the largest round of extra spending since the pa...