6 September 2023
Market View: Spillover effects of Country Garden’s interest payments, on Evergrande, wider market; Short and medium term outlook for China, possible excitement over AI; Japan[‘s yen sets fresh 10-month low against the USD; Novo Nordisk’s road to become the most valuable company in Europe
Singapore shares were pulled into positive territory today, bucking a global selloff on Wall Street and Europe amid cautious investor trading.
In early trade, the Straits Times Index (STI) rose 0.5 per cent to 3,242.28 points after 30.3 million securities changed hands in the broader market.
Meanwhile, international headlines are in focus today with all eyes on markets in Greater China after property giant Country Garden paid interest on two different dollar bonds, and its spillover impact on Evergrande and the broader market.
Also on the table today, how Denmark’s Novo Nordisk became Europe’s most valuable company by market value.
On Market View, Drive Time’ finance presenter Chua Tian Tian unpacked the developments with Ken Shih, Head of Wealth Management, Greater China, SAXO Markets.

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2 August 2023
Market View: Fitch downgrades US credit rating to AA+; Market expects more stimulus measures for Chinese property and tech sectors; Shares of Country Garden Services jumped 20%; US earnings, S&P 500 companies surprise on the upside; Tupperware, Meme stocks; European defence stocks; US energy stocks
Singapore stocks opened weaker today, joining global bourses in the red.
That’s as July data showed weakness in the manufacturing sector across China, the US and the eurozone.
In early trade, the Straits Times Index (STI) headed down 0.6 per cent to 3,353.92 points after 65.1 million securities changed hands in the broader market.
Meanwhile, international headlines are in focus today with all eyes on markets in Greater China over expectations of more stimulus for the beleaguered property sector.
Also on the table today – what the recent downgrade of US sovereign debt means for investors and how they should be positioning their portfolios asset-wise.
On Market View, the Drive Time team unpacked these developments with Ken Shih, Head of Wealth Management, Greater China, SAXO Markets.

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14 June 2023
Market View: Impact of China’s short-term rate cut on stock markets; Hong Kong to bring 27,000 foreign workers; AWS to consider using AMD AI chips; Meta’s chief scientist says generative AI at dead end; Fed’s rate hike expectation after 4% on-year increase in CPI
Singapore shares opened higher today, following significant gains in global markets on mild US inflation data and positive sentiments of a possible pause in interest rate hikes.
In early trade, the Straits Times Index (STI) was up 0.3 per cent to 3,197.76 points. after 73.1 million securities changed hands in the broader market.
Elsewhere, from China increasing oil import quota to the latest US inflation numbers and to Amazon Web Services considering using AI chips from Advanced Micro Devices, international headlines continue to make the news today.
On Market View, the Drive Time team unpacked these developments with Ken Shih, Head of Wealth Management, Greater China, SAXO Markets.

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21 March 2023
Market View: Potential legal action from Credit Suisse’s AT1 bondholders; Impact of banking crisis in the US and Europe on Asia and tightening cycle in China, the Philippines and India; Inflow of funds into Asia and Greater China region; Whether Asia can be seen as a safe haven amid ongoing volatilities; Expectation for Fed’s interest rate decision on Wednesday
Singapore shares opened higher today, after US and Europe equities rose overnight.
The Straits Times Index rose 0.8 per cent in early trade to 3,163.43 points after 73.6 million securities changed hands.
Further abroad, lawyers from Switzerland, the US and UK are talking to a number of Credit Suisse Additional Tier 1 (AT1) bondholders about possible legal action after the takeover by UBS wiped out AT1 bonds. But what can we expect on this front?
On Market View, the Drive Time team posed these questions to Ken Shih, Head of Wealth Management, Greater China, SAXO Markets.
They also spoke about the impact of the banking crisis in the US and Europe on Asia, as well as whether Asia can be seen as a safe haven amid the ongoing volatilities.

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28 November 2022
Market View: US Stock Market, Fundstrat's Tom Lee’s expectations of a December rally, Warren Buffet’s recent buys
US stocks got a boost last week from the latest minutes from the Federal Reserve’s November meeting, where the central bank is looking to hand out smaller rate hikes in the coming months. While economic data out of the US showed the US economy responding to the Fed’s four straight 75 basis point interest rate hikes, is it too early for markets to be optimistic?
Similarly, Fundstrat’s Tom Lee predicted that the S&P 500 could rise another 14 per cent through the end of the year as inflation comes down, setting the stage for a big December rally. But how likely is this?
Back in Asia, Warren Buffet has picked up a US$5 billion stake in semiconductor manufacturer TSMC. But what do market watchers see of his recent buy, and what are the opportunities in the Greater China region?
On Market View, Prime Time's finance presenter Chua Tian Tian posed these questions to  Ken Shih, Head of Wealth Management, Greater China at  Saxo Markets.

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