Market View: Singapore’s August inflation higher than expected; CapitaLand’s Ascott to open 28 properties across SEA in 2024; SGX’s new CFO; Malaysian Ringgit set for best quarter since 1973; Morgan Stanley vs SK Hynix; What to watch this week – US PCE, earnings from Micron, Costco, H&M

Singapore shares began trading in positive territory today, despite last week’s losses in global markets. 

In early trade, the Straits Times Index (STI) climbed 0.1 per cent to 3,629.55 points after 36.64 million securities changed hands in the broader market.  
In terms of companies to watch, we have CapitaLand Investment after its wholly owned lodging business unit, Ascott, said today that it expects to open 28 properties across South-east Asia in 2024. 

Elsewhere from Singapore’s latest inflation numbers  to South Korea’s financial watchdog looking into Morgan Stanley’s order to sell SK Hynix shares before research analysts at the bank cut their recommendation on the stock – more corporate and international headlines remain in focus.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with David Kuo, Co-founder, The Smart Investor.

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