Market View: Trump’s address on Iran war sends Treasury yields, oil prices higher and Asian markets lower… (Money FM)

Market View: Trump’s address on Iran war sends Treasury yields, oil prices higher and Asian markets lower; Australia’s regulator says ASX favoured shareholder returns over system resilience; ST Engineering, Yangzijiang Shipbuilding, CapitaLand Investment to watch

Singapore shares slid today as investors continue to mull US President Donald Trump’s address on the war in the Middle East.

The Straits Times Index fell 0.76% to 4,937.86 points at 2.41pm Singapore time, with a value turnover of S$1.09B seen in the broader market.

In terms of counters to watch, we have ST Engineering, after it announced yesterday that its marine business has secured a six-year subcontract valued at an estimated S$600 million from Abu Dhabi Ship Building (ADSB), a shipbuilder based in the United Arab Emirates.

Meanwhile, from how regional markets moved post-Trump’s address to how CapitaLand Investment plans to accelerate its capital recycling efforts and is evaluating “structural solutions” for its assets in China, more financial and corporate headlines remained in focus.

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