Market View: Talks of trade deals between US and EU, US and South Korea; ECB rate decision in focus;… (Money FM)

Market View: Talks of trade deals between US and EU, US and South Korea; ECB rate decision in focus; SK Hynix posts record quarterly profit, up 69% yoy in Q2; ST Engineering, Mapletree Logistics Trust, S-Reits to watch

Singapore shares rose today to track a mostly positive day in Asia.

The Straits Times Index was up 0.8% at 4,264.94 points at 2.12pm Singapore time, with a value turnover of S$1.09B seen in the broader market.

In terms of companies to watch, we have ST Engineering, after the group announced yesterday that it won new contracts valued at S$4.7 billion in Q2 of this year.

These comprise S$1.5 billion from the commercial aerospace segment, S$1.5 billion from the defence and public security segment and S$1.7 billion from the urban solutions and satcom segment.

Elsewhere, from talks that the European Union is edging towards a trade agreement with the US, to Nvidia supplier SK Hynix posting record quarterly profits today – more international and corporate headlines remain in focus.

On Market View, Money Matters’ finance presenter Chua Tian Tian dived into the details with David Chow, Director, Azure Capital.