Market View: Markets rally ahead of Trump’s inauguration; TikTok starts restoring service in the US after Trump’s assurance; Possible Executive Orders by Trump that could move markets and meme coin $Trump; Outlook for SGX-listed marine stocks; CDL, Fraser

Money Matters with Hongbin Jeong and Chua Tian Tian

Singapore shares began trading in negative territory today even as markets abroad finished Friday higher ahead of Donald Trump’s inauguration.

In early trade, the Straits Times Index (STI) was down 0.3 per cent at 3,799.97 points after 25.4 million securities changed hands in the broader market.

In terms of companies to watch, we have Frasers Property alongside City Developments Limited because the property developers and Sekisui have sold 668 units at The Orie, or around 86 per cent of units put up for sale, over its launch weekend at an average price of S$2,704 per square foot.

Elsewhere, more on Asian markets’ reaction before Trump returns to the White House for a second term, to how TikTok started restoring service in the US yesterday – more international and corporate headlines remain in focus.
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Chin Hui Leong, Co-founder, The Smart Investor.

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