Market View: S&P 500 hits record high; SK Hynix’s posts record quarterly profit; Saudi Arabia reportedly planning US$600B in new US investment, trade; Asian shares up on Beijing’s move to direct capital from insurers into stocks; CapitaLand Investment’s A

Money Matters with Hongbin Jeong and Chua Tian Tian

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20h ago 14:52

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Singapore shares started trading in the green this morning, mirroring overnight gains in global markets.

The Straits Times Index (STI) opened 0.6 per cent higher at 3,802.51 points after 41.4 million securities changed hands in the broader market.

In terms of companies to watch, we have CapitaLand Investment, after its wholly owned lodging business unit Ascott signed 16 new properties under the Oakwood brand in 2024 – a 30 per cent increase over the previous year.

Elsewhere, from South Korea’s SK Hynix posting record quarterly profits on the back of strong sales of advanced chips, to how Saudi Arabia is reportedly planning to put in US$600 billion in new US investment and trade – more corporate and international headlines remain in focus.

On Market View, Money Matters’ finance presenter Chua Tian Tian dived into the details with David Chow, Director, Azure Capital.

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