Market View: Saudi Arabia pledges US$600B worth of US investments, agreements said to include huge chip deal for Nvidia and AMD; Cooling US inflation and impact on US markets; Microsoft to cut 6,000 workers; Food Empire, BRC Asia to watch

Money Matters with Hongbin Jeong and Chua Tian Tian

Singapore shares fell today as optimism over the US-China tariff truce faded away.

The Straits Times Index was down 0.39% at 3,865.96 points at 1.43pm with a value turnover of S$703.67M seen in the broader market.
In terms of counters to watch, we have Food Empire, after the company posted a 16.3 per cent rise in its top line to US$136.6 million for the first quarter ended March, as most major markets delivered better performance.

Elsewhere, from the impact of a US$600 billion US investment by Saudi Arabia, to Microsoft cutting 6,000 workers across the company – more international and corporate headlines remain in focus.

On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Eddy Loh, Chief Investment Officer, Maybank Group Wealth Management.

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