Market View: US auto stocks down after report of Trump wanting to end EV credit; Disney’s strong quarterly results; Fed’s Powell says no rush to cut rates; ComfortDelGro’s net profit up 15.2% for Q3 and more

Money Matters with Hongbin Jeong and Chua Tian Tian

Singapore stocks began the day trading in negative territory as markets abroad mostly posted losses overnight.

In early trade, the Straits Times Index (STI) was down 0.3 per cent at 3,726.33 points after 42.3 million securities changed hands in the broader market.
In terms of companies to watch today, we have ComfortDelGro. The transport giant’s net profit grew 15.2 per cent to S$57.5 million for its third quarter ended September, as revenue rose by 18.4 per cent to S$1.2 billion.

Elsewhere, from more on China’s retail sales growing at its fastest clip since the start of the year, to how US automakers fell earlier on the back of a report that US President-elect Donald Trump plans to eliminate a key consumer tax credit aimed at boosting electric vehicle adoption – more international and corporate headlines remain in focus.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Too Jun Cheong, Assistant Dealing Manager from Moomoo Singapore.

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