Market View: Trump names Elon Musk to co-lead Department of Government Efficiency; Luxury watch prices vs Bitcoin movements; SoftBank becomes first Nvidia customer to build supercomputer based on new Blackwell design; Earnings from Singtel, StarHub and mo

Money Matters with Hongbin Jeong and Chua Tian Tian

Singapore shares began trading lower today, extending global equity market declines overnight.

In early trade, the Straits Times Index (STI) fell 0.7 per cent to 3,687.17 points after 47.8 million securities changed hands in the broader market.

In terms of companies to watch for today, we have Singtel. The telecommunications operator’s net profit for the first half ended September fell 42.4 per cent year on year to S$1.23 billion, in the absence of a S$1.2 billion exceptional gain booked in the same period a year prior.

Elsewhere, from US President-elect Donald Trump naming Tesla’s Elon Musk to a role aimed at creating a more efficient government, to how Asian markets are reacting to uncertainties surrounding another Trump presidency – more international headlines remain in focus.

On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Carl Ashton, Investment Counselor, Citi Private Bank.

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