Market Focus Daily: Thursday, August 1, 2024 (Ep 114)

Published Thu, Aug 1, 2024 · 05:46 PM

Market updates for Thursday. PHOTO: ADOBE STOCK

Japanese stocks fall most since 2020 as yen strengthens; UOB Q2 profit rises 1% to S$1.43b; to pay S$0.88 per share dividend for H1; SIA Q1 profit down 38.5% to S$452 million on surge in expenses, shares fall 10.5%.

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 shares fall at Thursday’s open; STI down 0.4%

Hong Kong, Shanghai, Sydney, Seoul, Wellington, Taipei, Manila and Jakarta stock markets were all in the green but Japan's Nikkei tumbled more than three per cent at one point as export-reliant firms were bit by the stronger yen.

Asia: Most stocks rise on Fed rate cut hope but strong yen batters Tokyo

Excluding one-off expenses, the earnings beat the S$1.47 billion consensus forecast in a Bloomberg survey of three analysts.

UOB Q2 profit rises 1% to S$1.43b; to pay S$0.88 per share dividend for H1

Revenue rises 5.3 per cent year on year to S$4.7 billion in the three months ended Jun 30.

Hot stock: SIA shares fall on Thursday after Q1 earnings miss

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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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