Market Focus Daily: Monday, November 11, 2024

Published Mon, Nov 11, 2024 · 05:46 PM

Market updates for Monday. PHOTO: ADOBE STOCK

Asian stocks drop as China support plan falls flat, bitcoin hits record; Bank of Japan hints at caution on rate hike with no clear December hint; Vietnam says Temu, Shein must register with government or be blocked.

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 shares open higher on Monday; STI up 0.6%

Hong Kong stocks led losses on Monday, shedding more than two per cent, while Shanghai stocks was also down, along with Tokyo, Sydney, Seoul, Wellington, Taipei, Manila and Jakarta.

Asia: Stocks drop as China support plan falls flat, bitcoin hits record

The lack of a clear steer on the likelihood of a rate hike in December or January will keep BOJ watchers guessing over the timing of the central bank’s next move.

Bank of Japan hints at caution on rate hike with no clear December hint

Fast-fashion retailer Shein has been selling into Vietnam for at least two years.

Vietnam says Temu, Shein must register with government or be blocked

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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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