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HK Retail Investors Employing Inverse ETFs. Nothing New. (Money FM)

May 24, 2024

On Market View today: US FOMC Minutes; Nvidia’s blowout earnings; Singtel sinks into the red with S$1.3B net loss; SIA’s shares down on deadly turbulence-hit flight; Singapore’s April inflation; South Korea unveils US$19B package to bolster chip sector, impact on Samsung Electronics, SK Hynix; Hong Kong retail investors ramps up bets on fall in HK equities

Singapore shares were barely changed as they entered the morning session today. That’s amid a sleepy trading session following the Vesak Day public holiday break yesterday.

In early trade, the Straits Times Index (STI) was muted at the open, inching down 0.02 per cent to 3,307.21 points after 64.3 million securities changed hands in the broader market.

In terms of companies to watch, we have Singapore Airlines, after shares fell more than 1 per cent in early trade today, following a deadly turbulence-hit flight.

Elsewhere, from Singtel sinking into the red with a net loss of S$1.3 billion for its second half ended March, to Singapore’s April inflation rate – more local headlines remain in focus.

Also on deck – how investors are reading into the latest US FOMC minutes and Nvidia’s earnings.