Market View: Massive sell-off in tech stocks, Nvidia dow nearly US$280B in value; Movements in Asian chip stocks TSMC, SK Hynix, Samsung; SIA, Cathay Pacific Airways, Rolls Royce and Airbus A350s; CapitaLand Investment and outlook for REITS, property deve

Money Matters with Hongbin Jeong and Chua Tian Tian

Singapore shares started trading in negative territory today, tracking overnight losses in global markets.

The Straits Times Index (STI) opened 1.7 per cent lower at 3,422.71 points after 50.9 million securities changed hands in the broader market.

In terms of companies to watch for today, we have CapitaLand Integrated Commercial Trust. The trust will issue 171.7 million new units at an issue price of S$2.04 apiece.

Elsewhere from the global tech rout we saw overnight with Nvidia shedding nearly US$280 billion in value to Singapore Airlines inspecting some engines in its A350-900 planes as a precaution after Cathay Pacific Airways identified an engine component failure on one of its flights – we’ve got more international and corporate headlines remain in focus.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Carl Ashton, Investment Counselor, Citi Private Bank.

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