Judging from Singapore's non-oil domestic exports reading for June, the global tech manufacturing slowdown is certainly weighing heavily on the economy.
That said, ING Asia economist Prakash Sakpal explained that the dip in exports"raises the odds of the Monetary Authority of Singapore easing monetary policy well ahead of the next scheduled semi-annual policy review in October". Across the broader market, decliners beat advancers 199 to 191. The benchmark index had 12 of the STI's 30 components in the red.
DBS Equity Research analyst Ho Pei Hwa noted that the deal is in line with Yangzijiang's move into clean energy. The Reit also acquired a 94.9 per cent interest in a freehold office building in Frankfurt from its sponsor CapitaLand and Lum Chang Holdings based on an agreed property value of €265 million on a 100 per cent basis.
Source: Financial Digest (financialdigest.net)
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