Market View: Intel to cut over 5% of workforce; US tech earnings, Apple beats forecast; Disappointing US data, lookahead to nonfarm payrolls release; OCBC Q2 net profit up 14%; Seatrium marks turnaround with net profit of S$36 million for 1H

The Evening Runway with Hongbin Jeong, Roshan Gidwani and Chua Tian Tian

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Singapore stocks started trading in negative territory today, tracking losses in the global market overnight.

The Straits Times Index (STI) opened 1 per cent lower at 3,387.11 points after 59.8 million securities changed hands in the broader market.

In terms of companies to watch today, we have OCBC after the bank’s net profit for the second quarter ended June rose 14 per cent to S$1.94 billion, up from S$1.71 billion in the previous corresponding period.

Meanwhile, from disappointing data on the US economy to Apple’s latest earnings, and news of Intel cutting over 15 percent of its workforce, more corporate and international headlines remain in focus.

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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