Market View: Trump’s Greenland tariffs; What to watch at the World Economic Forum in Davos this week; China’s Q4 GDP growth slows to 3-year low; Micron says AI-driven memory crunch is ‘unprecedented’; BoJ rate decision, US PCE Price Index, Earnings from Netflix, Johnson & Johnson and Intel in focus; Yangzijiang Maritime, Raffles Education, AEM, Keppel REIT to watch
Singapore shares moved lower today as investors continued to monitor the global trade situation.
The Straits Times Index was down 0.53% at 4,823.26 points at 2.07pm Singapore time, with a value turnover of S$744.02M seen in the broader market.
In terms of companies to watch, we have Yangzijiang Maritime, after the maritime financial solution provider today announced its proposed share buyback, as part of its broader capital management plans.
Elsewhere, from how US President Donald Trump threatened to slap extra tariffs on eight European nations until the U.S. was allowed to buy Greenland, to how China’s economic growth slowed to a three-year low in the fourth quarter, more international headlines remained in focus.
Also on deck – what to watch out of the World Economic Forum held in Davos this week.
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with David Kuo, Co-founder, The Smart Investor.
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