Market View: US Federal Reserve’s “beige book” of economic conditions; South Korea’s central bank keeps rates on hold; Intel denies TSMC allegations that executive leaked trade secrets; Alibaba’s new Quark AI glasses; IHH Healthcare, UOB to watch

Money Matters with Hongbin Jeong and Chua Tian Tian

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5d ago 13:16

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Singapore shares inched higher today to track gains seen in Asia.

The Straits Times Index was up 0.39% at 4,519.06 points at 2.14pm Singapore time, with a value turnover of S$531.05M seen in the broader market.

In terms of counters to watch, we have IHH Healthcare, after the healthcare company yesterday posted a net profit of RM616 million (S$194.3 million) for its third quarter ended Sep 30, a 15 per cent increase from RM534 million in the year before.

Elsewhere, from how South Korea’s central bank kept interest rates unchanged as widely expected, to how Intel denied allegations by Taiwan Semiconductor Manufacturing Company (TSMC) that one of its executives, Lo Wei-Jen, who formerly worked at the Taiwanese chipmaker, had leaked trade secrets – 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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