Market View: Nervousness ahead of US PCE index; ValueMax and Well Chip’s IPO on Bursa Malaysia; Serial Achieva begins SGX trading, shares down ~86%; Asian currencies slump to weakest in over 19 months; Duty free shopping in Hong Kong; US Presidential deba

The Evening Runway with Hongbin Jeong, Roshan Gidwani and Chua Tian Tian

Singapore shares were trading lower at the opening bell today after global equities ended mixed overnight.

In early trade, the Straits Times Index (STI) fell 0.1 per cent to 3,327.95 points after 42.9 million securities changed hands in the broader market.
In terms of companies to watch, we have ValueMax, after associates of the Singapore-listed pawnbroker launched an initial public offering for Well Chip to raise RM172.5 million (S$49.6 million) on Bursa Malaysia.

Elsewhere, from more on how Asian currencies slumped to its lowest since 2022 on the strength of the US dollar, to expectations on US GDP numbers and the US Presidential debate – more international headlines remain in focus.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director Azure Capital.

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