Shares of several banks and financial services companies are trading lower amid overall market weakness after CPI data showed prices rose in May. Rising inflation has caused concerns of an slowdown in economic activity, which could impact the sector.

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In Singapore, investment products and services available through the moomoo app are offered through Moomoo Financial Singapore Pte. Ltd. ("Moomoo Financial SG") regulated by the Monetary Authority of Singapore (MAS). Moomoo Financial SG is a Capital Markets Services Licence (License No. CMS101000) holder with the Exempt Financial Adviser Status. This advertisement has not been reviewed by the Monetary Authority of Singapore.

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