What’s moving - 19 Nov
Daily Sprout 🌱 (19 Nov)
US stocks closed mixed as investors await Nvidia’s earnings later this week, while Tesla’s stock surged on press reports that President-elect Donald Trump may ease regulations on self-driving vehicles.
STI ⬇️ 0.32% HSI ⬆️ 0.77% NKY ⬇️ 1.09%
S&P500 ⬆️ 0.39% Nasdaq ⬆️ 0.60% DJIA ⬇️ 0.13% Russell2000 ⬆️ 0.11%
What's Sprouting
🌱 Genting Singapore’s license to operate a casino in Singapore has been renewed for two years, instead of the usual three-year term, after the Gambling Regulatory Authority (GRA) deemed Resorts World Sentosa’s tourism performance “unsatisfactory”. Read more here.
🌱 Keppel Infrastructure Trust has proposed to acquire Keppel Marina East Desalination Plant, which began commercial operations in June 2020 and is Singapore’s fourth desalination plant. Upon the completion of the proposed acquisition, KIT’s assets under management (AUM) will grow to $9 billion from $8.7 billion as at Sept 30. Read more here.
🌱 The shares of Singapore Exchange (SGX) surged on Monday after Morgan Stanley upgraded their call from “underweight” to “overweight”, citing ongoing efforts to boost the vibrancy of the local bourse.
Source: SGX, Bloomberg
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