Market View: Asian shares up, oil down after Trump announces Israel-Iran ceasefire; Trump says US interest rates should be lowered by at least 2 to 3 percentage points, Fed Chair Jerome Powell’s testimony before Congress in focus; Jensen Huang starts sell

Money Matters with Hongbin Jeong and Chua Tian Tian

Singapore shares went up today even as investors remained laser focused on the situation in the Middle East.

The Straits Times Index was up 0.4% at 3,894.86 points at 1.33pm Singapore time, with a value turnover of S$668.91M seen in the broader market.

In terms of companies to watch, we have OCBC. That’s after the lender said yesterday that it has no intention to convert its Class C non-voting Great Eastern shares into ordinary shares when they come up for conversion in five years as this will result in the insurer losing its free float again.

Elsewhere, from easing fears of an energy market shock following US President Donald Trump’s announcement of a ceasefire between Iran and Israel, to how Nvidia’s chief Jensen Huang started selling the chipmaker’s stock under a US$865 million plan – more international and corporate headlines remain in focus.

On Market View, Money Matter’s finance presenter Chua Tian Tian unpacked the developments with Chong Ser Jing, Co-founder and Portfolio Manager, Compounder Fund.

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