Market View: Asia rallied on fresh China-US trade talks; China’s factory gate deflation worst in 22 months; Japan confirms GDP contraction; Meta reportedly in talks for Scale AI investment that could top US$10billion; OCBC, CapitaLand Investment to watch

Money Matters with Hongbin Jeong and Chua Tian Tian

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6d ago 11:14

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Singapore shares nudged higher today as all eyes remained on trade tensions between the US and China.

The Straits Times Index inched 0.11% higher to 3,938.78 points at 2.15pm Singapore time, with a value turnover of S$542.51M seen in the broader market.

In terms of companies to watch, we have OCBC, because the bank has made a S$900 million conditional exit offer at S$30.15 per share for the 6.28 per cent stake in Great Eastern it does not own, in a bid to delist the insurer.

Elsewhere, from Asian market movements given hopes of easing trade tensions between the US and China, to Japan confirming that the country’s economy contracted in the first quarter, more international headlines remain in focus.
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments of the day.

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