Market View: India PM Modi reportedly likely to meet Trump in US next month; US July CPI in line with expectations; China pledges more financial support for consumption with interest rate subsidy; Singtel’s Q1 net profit soared 317.4% yoy; CDL, Yangzijian

Money Matters with Hongbin Jeong and Chua Tian Tian

Singapore shares rose today amid a positive day in Asia.

The Straits Times Index was up 0.94% at 4,260.31 points at 3.08pm Singapore time, with a value turnover of S$1.29B seen in the broader market.

In terms of counters to watch for today, we have Singtel, after the telco giant said in its business update today that its Q1 net profit soared 317.4 per cent to S$2.9 billion from S$690 million in the year-ago period.

Elsewhere, from how investors are reacting to an in-line US inflation reading to how Indian Prime Minister Narendra Modi is likely to meet US President Donald Trump during a visit to the US next month – more international headlines remained in focus.

Also on deck, earnings out of City Developments Limited and Yangzijiang Financial.

On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Kenneth Goh, Director, Private Wealth Management, UOB Kay Hian.

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