Market Focus Daily: Friday, April 12, 2024 (Ep 40)

Published Fri, Apr 12, 2024 · 05:46 PM

Market updates for Friday. PHOTO: ADOBE STOCK

Euro falls to lowest level in five months as ECB set to cut rates; Asian markets fall following strong US inflation data this week; Bharti Hexacom makes biggest IPO in India, raising US$514 million.

Synopsis: Market Focus Daily is a closing bell roundup by The Business Times that looks at the day’s market movements and news from Singapore and the region.

Written and hosted by: Emily Liu (emilyliu@sph.com.sg)

Recording engineer: Joann Chai Pei Chieh

Produced and edited by: Lee Kim Siang & Claressa Monteiro

Produced by: BT Podcasts, The Business Times, SPH Media

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Singapore stocks little changed at Friday’s open; STI up 0.04%

The Stoxx 600 closed 0.4 per cent lower in volatile trade, with the banking sector taking the biggest hit, falling 2.4 per cent and notching its steepest one-day drop in over eight months.

Europe: Banks weigh down Stoxx 600 after ECB signals rate cuts

Hong Kong, Shanghai, Sydney, Seoul, Singapore and Wellington stocks were all in the red, while Tokyo, Taipei and Manila edged up on Friday.

Asia: Stocks struggle to track Wall Street higher, earnings in focus

Elsewhere in the region, new share sales set to raise several hundred million US dollars are surfacing.

India, South Korea and Japan to stay busy with IPOs while China stalls

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Do note: This podcast is meant to provide general information only. SPH Media accepts no liability for loss arising from any reliance on the podcast or use of third party’s products and services. Please consult professional advisors for independent advice.

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