Market View: Jeju Air’s shares lowest on record after deadly air crash; Santa Claus Rally fades off, NASDAQ, S&P 500 drop over 1%; 3 things to look forward to in 2025; OCBC agrees to sell entire stake in Hong Kong Life Insurance; SingPost says senior exec

Money Matters with Hongbin Jeong and Chua Tian Tian

Singapore stocks opened flat this morning with a mixed showing from global markets amid light trading volumes with the New Year holiday approaching.

In early trade, the Straits Times Index (STI) edged up 0.03 per cent to 3,772.85 points after 51.2 million securities changed hands in the broader market.

In terms of companies to watch, we have OCBC, after the bank has agreed to sell its entire 33.3 per cent stake in Hong Kong Life Insurance to a Hong Kong investment holding company for HK$589.3 million (S$103 million).

Elsewhere, from US stocks falling across the board on Friday, to shares of South Korean budget carrier Jeju Air slumping to a record low after the country’s deadliest air crash yesterday, more international and corporate headlines remain in focus.
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Chin Hui Leong, Co-founder, The Smart Investor.

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