Market View: Risk appetite bolstered by New York Fed boss John Williams’ remarks on room for further rate adjustment in December; Alibaba’s Qwen app draws over 10 million downloads in week after relaunch; Singapore’s core and headline inflation pick up in October; GoTo Group CEO Patrick Walujo to step down; Jardine Matheson, BRC Asia to watch
Singapore shares inched higher today, tracking gains seen in the region.
The Straits Times Index was up 0.59% at 4,495.73 points at 2.06pm Singapore time, with a value turnover of S$771.70M seen in the broader market.
In terms of companies to watch, we have Jardine Matheson, after the Hong Kong-based conglomerate said in a bourse filing on Friday that its performance for the third quarter of 2025 was “in line with expectations at the half-year”.
Meanwhile, from how both core and headline inflation in Singapore picked up in October, at a rate that exceeded economists’ expectations, to how Alibaba Group Holding’s Qwen app drew more than 10 million downloads in the week after its relaunch, more economic and corporate headlines remained in focus.
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with David Kuo, Co-founder, The Smart Investor.
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