Morning Wrap | Singapore Emerges as Top Launchpad for Cloud and AI Growth

Moomoo News SG joined discussion · Apr 2 09:02

Good morning mooers! Here are things you need to know about today's Singapore markets:

- Singapore shares opened lower on Wednesday

- U.S. Stocks End Mostly Higher as Tariffs Hamper Economic Growth Traders Expect Fed to Cut Rates

- Singapore Emerges as Top Launchpad for Cloud and AI Growth

- Stocks to watch: U96, NIO and etc.

- Latest share buy back transactions

Morning Wrap | Singapore Emerges as Top Launchpad for Cloud and AI Growth

Market Snapshot

Singapore shares opened lower on Wednesday:

Today's Volume / Value: 25.65M / S$80.20M

Advancers / Decliners: 39 / 52

U.S. Stocks End Mostly Higher as Tariffs Hamper Economic Growth Traders Expect Fed to Cut Rates

The S&P 500 closed higher following a late rally, though it initially opened lower due to poor manufacturing data. Treasury yields declined as traders expected the Federal Reserve to ease monetary policy further, amid fears that tariffs could hinder economic growth.

The $Nasdaq Composite Index (.IXIC.US)$ rallied 0.9% to 17,449.89, the $S&P 500 Index (.SPX.US)$ added 0.4% to 5,633.07, and the $Dow Jones Industrial Average (.DJI.US)$ eased 0.03% to 41,989.96.

Breaking News

Singapore Emerges as Top Launchpad for Cloud and AI Growth

In 2024, Singapore became a key regional digital infrastructure hub, attracting billions in investments from private equity and tech firms. Notable investments included US$1.3 billion into STT GDC from KKR and Singtel, and a US$1.8 billion raise for DayOne, as reported in the 2025 Trends in Global Tech report.

Stocks to Watch

$Sembcorp Ind (U96.SG)$ its subsidiary Sembcorp Utilities have signed an agreement to increase their ownership in Senoko Energy to 70%. The deal, valued at up to S$144 million, will be funded internally or through borrowing and is slated for completion in Q2 2025.

$NIO Inc. USD OV (NIO.SG)$ delivered 15,039 vehicles in March, up 26.7 per cent year-on-year. In Q1, it delivered 42,094 vehicles, a 40.1 per cent increase from the previous year. Its cumulative deliveries reached 713,658 by March 31.

Four key executives, including the head of strategy and communications, group chief people officer, group chief information officer, and chief sustainability officer, have abruptly left $SingPost (S08.SG)$ in the latest leadership changes.

$Fu Yu (F13.SG)$ is taking legal action against six individuals in connection with an ongoing investigation into its subsidiary, Fu Yu Supply Chain Solutions.

Share Buy Back Transactions

Source: Business Times, SGinvestors.io, Business Review

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