Market View: US hotel workers launch strike over long weekend; Latest PCE Price Index; Nio’s earnings; Sats’ Worldwide Flight Services Holland proposes to acquire Menzies Wold Cargo (Amsterdam); OKX Singapore gets major payment institution licence from MA

Money Matters with Hongbin Jeong and Chua Tian Tian

Singapore stocks kicked off the trading day on a bright note after global equities finished the trading week in positive territory. That’s ahead of a highly anticipated September interest rate cut by the US Federal Reserve.

In early trade, the Straits Times Index (STI) rose 0.1 per cent to 3,446.66 points after 44.9 million securities changed hands in the broader market.

In terms of companies to watch today, we have Nio. The Chinese electric vehicle carmaker yesterday announced it delivered 20,176 vehicles in August. This is 4.4 per cent more than the corresponding year-ago period.

Elsewhere, from a low down on the latest US Personal Consumption Expenditures Price Index numbers out on Friday, to more on crypto exchange OKX in Singapore – more international and corporate headlines remain in focus.

Also on deck – how US hotel workers were on strike across the US yesterday.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments of the day.

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