Market View: Lookahead to ECB’s rate decision, Adobe’s earnings; US August CPI lowest since Feb 2021 on annual basis; Hawkish BoJ policymaker calls to raise rates to at least 1%; China on securing EV tech; Hanwha makes offer for Dyna-Mac and more

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

Singapore shares began trading in positive territory today, tracking overnight gains in global markets.

In early trade, the Straits Times Index (STI) advanced 0.6 per cent to 3,553.59 points after 55.7 million securities changed hands in the broader market.

In terms of companies to watch, we have Dyna-Mac. That’s after South Korean company Hanwha has launched a voluntary conditional cash offer through a special-purpose company to take management control of Dyna-Mac at S$0.60 a share.

Elsewhere, from a deep dive into comments by a hawkish Bank of Japan policy maker to Chinese carmakers setting up factories overseas to avoid tariffs on Chinese exports, more international and corporate headlines remain in focus.

Also on deck – one last look at expectations before the European Central Bank’s latest interest rate decision, and how Adobe is set to unveil a new generative artificial intelligence powered video creation and editing tool in a limited release this year.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with Terence Wong, CEO, Azure Capital.

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