Market View: China’s GDP grew at slowest since early 2023 in Q3; PBOC kicks off two funding scheme to pump as much as 800b yuan into stock market initially; Gold prices topped US$2,700 an ounce on escalating conflicts in Middle East; TSMC shares in Taipe

The Evening Runway with Hongbin Jeong and Chua Tian Tian

Singapore shares started trading in positive territory today, mirroring overnight gains in the Europe market.

In early trade, the Straits Times Index (STI) was 0.1 per cent higher at 3,628.32 points after 41.6 million securities changed hands in the broader market.

In terms of companies to watch today, we have UOB Kay Hian, after the Singapore Exchange Regulation yesterday lifted the brokerage’s moratorium, which restricted it from managing submissions for fresh initial public offerings (IPO) and reverse takeovers (RTO).

Elsewhere from China’s economy growing at the slowest pace since early 2023 in the third quarter, to gold topping US$2,700 for the first time to extend its record breaking run – more international headlines remain in focus.

Also on deck – how shares of TSMC hit a record high today on the back of its forecast beating Q3 results.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.

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