Market Focus Daily: Friday, November 22, 2024

Published Fri, Nov 22, 2024 · 05:46 PM

Market updates for Friday. PHOTO: ADOBE STOCK

Weak tech earnings drive slump in Chinese markets; Singapore sees 2025 growth at 1-3%, upgrades forecast for this year to about 3.5%; Near-term volatility drives SGX to 17-year peak on higher turnover.

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: Chai Pei Chieh

Produced and edited by: Claressa Monteiro

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

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Singapore stocks open higher on Friday; STI up 0.3%

Tokyo stocks climbed one per cent as the government prepares to announce a US$140 billion stimulus package to kickstart the country’s stuttering economy, while Sydney, Seoul, Singapore, Wellington, Taipei and Jakarta also rose on Friday.

Asia: Most markets track Wall Street gains, bitcoin closes on US$100,000

The upgrade in growth forecast for the full year takes into account “better-than-expected” performance in the first three quarters of the year.

Singapore sees 2025 growth at 1-3%; upgrades forecast for this year to about 3.5%

Singapore is the best-performing stock market in South-east Asia this year.

Near-term volatility drives SGX to 17-year peak on higher turnover

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