SG Morning Highlights: Singapore's sovereign fund helps create Thailand's latest unicorn
Good morning mooers! Here are things you need to know about today's Singapore:
●Singapore shares opened lower on Wednesday; STI down 0.31%
●Singapore's sovereign fund helps create Thailand's latest unicorn
●Stocks to watch: Keppel Corp
●Latest share buy back transactions
-moomoo News SG
Market Trend
Singapore shares opened lower on Wednesday. The $FTSE Singapore Straits Time Index(.STI.SG$ decreased 0.31 per cent to 3,155.59 as at 9.04am.
Advancers / Decliners is 47 to 54, with 29.54 million securities worth S$52.59 million changing hands.
Breaking News
US housing prices fall for first time since 2012
A national measure of prices in 20 large cities fell 0.44% in July, the first drop since March 2012, the S&P CoreLogic Case-Shiller index showed Tuesday. The last real estate crash ended in 2012, ushering in 10 years of price gains, capped off by the two-year pandemic buying frenzy.
But the Federal Reserve has put a swift end to the party as it fights to curb inflation. Mortgage rates this year doubled, pricing out many buyers and causing sales to plunge. Now values are heading south. The biggest month-over-month declines in July were in San Francisco (-3.6%), Seattle (-2.5%) and San Diego (-2%).
THAI food and parcel delivery app Line Man Wongnai raised US$265 million in a round led by Singaporean sovereign fund GIC, becoming the nation’s latest startup unicorn.
The company's value topped US$1 billion after a Series B round of funding, according to a statement on its website. Other investors in the latest funding include Taiwan Mobile, BRV Capital Management and PTT Oil & Retail Business.
Stocks to Watch
$Keppel(BN4.SG$ - In a Memorandum of Understanding (MoU) signed yesterday, Keppel New Energy Pte Ltd, a wholly owned subsidiary of Keppel Infrastructure; Mitsubishi Heavy Industries, Ltd. (MHI); and DNV, a global independent energy expert and assurance provider, announced a strategic collaboration to explore the feasibility and implementation of an ammonia-fired gas turbine on Jurong Island, Singapore.
Latest Share Buy Back Transactions
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