Market View: Singapore’s retail sales up 2.3% yoy in June; Record number of Chinese companies seeking US listing; Growth in India’s services sector accelerates to 11-month high in July; Gold prices up on weaker US dollar and jobs data; CapitaLand Ascendas

Money Matters with Hongbin Jeong and Chua Tian Tian

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27d ago 10:30

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Singapore shares moved higher today as investors continue to set their sights on corporate earnings out of the country.

The Straits Times Index was up 0.49% at 4,217.68 points at 2.06pm Singapore time, with a value turnover of S$761.78M seen in the broader market.

In terms of companies to watch, we have CapitaLand Ascendas Reit. The industrial property player posted a 0.6 per cent drop in DPU for the first half of the 2025 financial year, down to S$0.07477 (7.477 Singapore cents), on the back of an enlarged unit base.

Elsewhere, from Singapore’s retail sales growing 2.3 per cent year on year in June, to gold prices rising on the back of a weaker US dollar following softer-than-expected US jobs data – more economic headlines remain in focus.

On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with James Cheo, Chief Investment Officer, Southeast Asia and India at HSBC Global Private Banking and Wealth.

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