Market View: Cathay Pacific cancels flights after discovering faulty component on A350s, CapitaLand Investment sells 50% interest in Ion Orchard to CICT; South Korea’s consumer inflation weakest in 3.5 years in August; UK consumers versus “double dip shri

The Evening Runway with Hongbin Jeong, Roshan Gidwani and Chua Tian Tian

Singapore shares started trading in positive territory today despite the European market ending little changed the previous day.

In early trade, the Straits Times Index (STI) opened 0.2 per cent higher at 3,468.84 points after 32.7 million securities changed hands in the broader market.

In terms of companies to watch, we have CapitaLand Investment. CapitaLand Investment has agreed to sell a 50 per cent interest in Ion Orchard and its connecting underpass, Ion Orchard Link, to CapitaLand Integrated Commercial Trust for an estimated purchase consideration of S$1.1 billion.

Elsewhere, from Cathay Pacific Airways cancelling flights after discovering a faculty component on some of its Airbus A350s, to British shoppers wising up to what’s said to be “double dip shrinkflation”, more corporate and international headlines remain in focus.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Kelvin Wong, Senior Analyst, OANDA.

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