Market View: Robust US Jolts report; SIAS raises questions on Advance’s capital reduction exercise; Softbank’s CEO Son on Artificial General Intelligence; Arm’s on the AI boom; CM, Toyota Motor’s gains in US car sales; Expectations of Asian, US equity performance for Q4

Singapore shares opened weaker today, following overnight losses in global markets as surging Treasury yields weighed on investor sentiments.

In early trade, the Straits Times Index headed down 1.1 per cent to 3,157.6 points, after 145.1 million securities changed hands in the broader market.

In terms of companies to watch for today, we have engineering company Advanced, after the Securities Investors Association (Singapore) yesterday raised questions over why the firm’s capital reduction exercise appears to have failed.

Elsewhere, from more on GM and Toyota’s latest sales figures to Softbank CEO Masayoshi’s comments on, not Artificial Intelligence but Artificial General Intelligence, more corporate headlines remain in focus.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Poh, Head of Investment and ESG Strategies, South Asia, Amundi.

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