MARKET UPDATES :
- SINGAPORE share prices opened higher on Tuesday with the Straits Times Index up 16.63 points to 3,305.3. Volume was 59.9 million shares worth S$45.4 million. Gainers outnumbered losers 70 to 41.
- SINGAPORE shares ended higher on Tuesday with the Straits Times Index gaining 25.06 points to 3,313.73. Some 1.28 billion shares, valued at S$1.01 billion were traded. Gainers numbered 235 while losers numbered 181.
- Prime Minister Shinzo Abe told his party on Tuesday he was calling a snap election and delaying a sales tax rise after figures showed Japan was in a recession. Less than two years after he swept to power pledging to reinvigorate the flagging economy, Mr Abe will go to the polls – probably in the middle of next month – telling voters that more needs to be done to fix years of growth-sapping price declines.
- KEPPEL Infrastructure Trust (KIT) has agreed to two separate transactions to create the largest Singapore infrastructure-focused business trust listed on the Singapore Exchange. The first transaction is the acquisition of a 51 per cent stake in Keppel Merlimau Cogen Pte Ltd which owns the Keppel Merlimau Cogen Plant, a 1,300 MW combined cycle gas turbine generation facility on Jurong Island, Singapore.
- Investors largely ignored the link-up between the Hong Kong and Shanghai stock exchanges Tuesday, a day after it launched to much fanfare and hopes of billions of dollars in daily cross-border transactions. Officials have trumpeted the Shanghai-Hong Kong Stock Connect as opening up China’s closeted stock markets to the outside world and giving mainlanders a chance to enter the lucrative Hong Kong exchange.
- TRANS-CAB Holdings’ initial public offering (IPO) plans have skidded to a halt, with the company having received new information pertaining to its insurance premium. In a statement on Monday night, the company said it was previously unaware of an additional insurance
- THE much-anticipated “through train” stock link between the Shanghai and Hong Kong markets took off smoothly on Monday with strong investor demand for China A-shares but weaker mainland demand for Hong Kong stocks. By 2pm on Monday, so-called “northbound” investors buying Chinese A-Shares have already snapped up the entire 13 billion yuan (S$2.75 billion) daily quota for share purchases. New buy orders were thus suspended for the rest of the day.
- China’s home prices fell in October by the most since 2011, Reuters calculations show, in spite of government support measures to try to end a national downturn that threatens to stifle economic growth.
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