Market View: TSMC tanks, plays catch up to global tech rout; Chinese EV makers team up with EU players to get around hike in duties; US PCE expectations; iFast reports 346.1% rise in Q2 earnings; S-REITs performance; MAS leaves monetary policy settings un

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

Singapore shares started trading in negative territory today as the Monetary Authority of Singapore left its monetary policy settings unchanged for the fifth straight meeting, in line with market expectations.

The Straits Times Index (STI) opened 0.1 per cent lower at 3,425.78 points after 29.9 million securities changed hands in the broader market.

In terms of companies to watch today, we have iFast, after the digital bank and wealth-management platform reported a 346.1 per cent rise in second-quarter earnings to S$16 million, from S$3.6 million in Q2 2023.

Elsewhere from more on the latest showings by S-REITS, to losses seen at Taiwan’s TSMC - more corporate and international headlines remain in focus.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.

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