Market View: US Federal Reserve cuts rates by 25bps as expected, but with unusually high number of dissenters; Fed’s “dot plot” indicates one more quarter point cut in 2026; Oracle shares sank on lower-than-expected quarterly revenue; Grab and Charge+ tea

Money Matters with Hongbin Jeong and Chua Tian Tian

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2d ago 14:31

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Singapore shares inched higher today on a mixed day for Asian equities.

The Straits Times Index was up 0.36% at 4,527.94 points at 2.38pm Singapore time, with a value turnover of S$669.01M seen in the broader market.

In terms of counters to watch, we have Mapletree Pan Asia Commercial Trust, after its manager announced yesterday that its subsidiary – Festival Walk – will sell Festival Walk Tower at nearly HK$2 billion (S$328.1 million) to an unrelated third party.

Elsewhere, from how the US Federal Reserve lowered interest rates by 25 basis points as expected, but with more dissenters this time around, to Grab Vietnam’s partnership with Charge+ to accelerate the development of a nationwide EV charging network in the country – more international and corporate headlines remained 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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