Market View: Singapore’s factory output up 3.8% yoy in Feb; Shares of Lum Chang down over 10%, MD David Lum attended interviews with CPIB; China’s battery manufacturer CATL doubles down expansion; US Consumer Confidence, PCE Price Index expectations; Jero

The Evening Runway with Elliott Danker, Timothy Go and Chua Tian Tian

Singapore stocks opened muted this morning after data for Singapore’s headline and core inflation in February came in hotter than anticipated.

Figures released yesterday showed that headline inflation for February climbed to 3.4 per cent year on year, up from 2.9 per cent in January.

In terms of companies to watch, shares of Lum Chang fell more than 10 per cent this morning after the company revealed that its managing director, David Lum, had “attended several interviews” with the Corrupt Practices Investigation Bureau (CPIB) to assist on the latest charges filed against Singapore’s former transport minister S Iswaran.

Elsewhere, from Singapore’s latest factory numbers to the founder of China’s battery manufacturer CATL pressing ahead with expansion amid slowing EV sales globally – more local and international headlines remain in focus.

Also on deck – Donald Trump!

On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with James Cheo, Chief Investment Officer, Southeast Asia and India at HSBC Global Private Banking and Wealth.

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