Market View: Trump considering candidates to succeed Fed Chair Jerome Powell; NASDAQ’s standout performance, Nvidia hits record high at valuation of about… (Money FM)

Market View: Trump considering candidates to succeed Fed Chair Jerome Powell; NASDAQ’s standout performance, Nvidia hits record high at valuation of about US$3.76T; Shell denies reports of merger with BP; Xiaomi’s first electric SUV launch, Foxconn reportedly nears deal to supply electric busses to Mitsubishi Fuso Truck; SIA, Sembcorp Industries to watch

Singapore shares inched higher today as investors continue to mull the situation in the Middle East.

The Straits Times Index was up 0.2% at 3,933.67 points at 11.59am Singapore time, with a value turnover of S$561.93M seen in the broader market.

In terms of counters to watch, we have Singapore Airlines. The national carrier announced in its annual report yesterday that it paid its chief executive Goh Choon Phong S$7 million in remuneration for the latest financial year ended Mar 31.

Elsewhere, from US dollar dropping after President Donald Trump said he had a handful of candidates to succeed Federal Reserve Chair Jerome Powell, to how shares of Nvidia hit a fresh record amid continued bullishness surrounding artificial intelligence technologies – 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.