Market View: Mixed earnings from Visa, Tesla, Google’s Alphabet; US political uncertainties on mega caps like Tesla, on USD; OpenAI’s safety leader works on new research project; South Korea’s appetite for luxury goods; Sabana REIT’s DPU down 16.8% yoy; H

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

Singapore stocks opened weaker today following a mixed performance in the US and in Europe.

In early trade, the Straits Times Index (STI) was down 0.4 per cent to 3,448.59 points after 38.8 million securities changed hands in the broader market.

In terms of companies to watch, we have Hutchison Port Holdings Trust after the port operator today reported a 66.6 per cent on-year increase in earnings for the first half of 2024 to HK$158.1 million (S$27.2 million).

Meanwhile, from the mixed batch of US earnings overnight, to the outlook for US policy post-election and impact on mega caps like Tesla, as well as implications on the king dollar, more 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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