Singapore Wrap Tuesday
Today's notable stories
GE2015
Resale prices of non-landed private homes inch up 0.2% in Aug: SRX
Resale prices of Singapore non-landed private homes inched up 0.2 per cent in August over the preceding month, going by the latest flash estimate from SRX Property. SRX's revised index value for July reflects a 0.1 per cent increase, a smaller gain compared with the 0.3 per cent increase registered earlier, when the flash estimate for that month was released.
Robust Plan withdraws offer for Cordlife's CCBC shares, notes
Singapore-listed Cordlife Group announced that Hong Kong incorporated Robust Plan has withdrawn its offer for Cordlife's shares and convertible notes in US-listed China Cord Blood Corp (CCBC) with immediate effect.
YuuZoo, Sweden-based firm in mobile games tie-up
Singapore-listed YuuZoo Corp has tied up with Sweden-based Circle of Champions Inc (CoC) to distribute and market its mobile games Powershot Challenge and Striker Challenge.
The STI Today
Singapore shares end higher in line with rises in China, HK stocks, Dow futures
A 250-point jump in Dow futures and sizeable gains in China and Hong Kong stocks on Tuesday helped the Straits Times Index (STI) avoid a sixth loss in seven sessions on Tuesday with a 32.91 points rise to 2,885.32. Volume was a low 1.2 billion units worth S$1 billion and excluding warrants there were 245 rises versus 151 falls.
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International
Indonesia’s central bank surprises with ‘pre-emptive’ rate hike to cushion falling rupiah
South Korea’s economic growth beats forecast as exports rise
China 2024 growth outlook raised to 4.8%, deflation risk lingers
Luxury sector outlook clouded by China’s slow recovery
‘We aren’t going anywhere’: TikTok CEO expects to defeat US restrictions
TikTok artists and advertisers to stay with app until ‘door slams shut’