Market View: Nvidia’s shares entered correction territory, US$430B wiped off market cap, Selloff in Broadcom, Qualcomm, ARM, TSMC; European football revenues; Real wages in Singapore up 0.4% in 2023, Jasper Investments and more

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

Singapore equities began trading in negative territory today, following mixed performance overnight in the US and Europe.

In the morning, the Straits Times Index (STI) opened 0.1 per cent lower at 3,311.46 points after 29.4 million securities changed hands in the broader market.

In terms of companies to watch for today, we have OCBC and Great Eastern, after the lender said OCBC and concert parties have garnered 90.16 per cent of the shares in Great Eastern.

Elsewhere from more on Nvidia entering into the correction territory with its market capitalisation down about US$430 billion over the past three days, to how European football revenues soared in 2023, more international headlines remain in focus.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Toby Gresham, Investment Counselor Team Lead, Citi Private Bank.

See omnystudio.com/listener for privacy information.