Good morning mooers! Here are things you need to know about today's Singapore:
●Singapore shares opened lower on Monday; STI down 1.01%
●Commodities face tough week as Fed angst builds
●Stocks and REITs to watch: Singtel, SPH Reit, Aspen
●Latest share buy back transactions
-moomoo News SG
Market Trend
Singapore shares opened lower on Monday. The $FTSE Singapore Straits Time Index (.STI.SG)$ decreased 1.01 per cent to 3,114.16 ...

$SBS Transit (S61.SG)$ come on support SBS TRANSIT

Asia stocks set for mixed start
Asian stocks looked set for a mixed start Friday as Chinese technology shares struggle, contrasting with a rally in their U.S. counterparts that propelled Wall Street equities to a record high.
Futures for Japan and Australia were steady, while Hong Kong's slid. A tumble in the likes of e-commerce firm $Alibaba (BABA.US)$ and video-streaming platform operator $Bilibili (BILI.US)$ hurt an index of U.S.-listed Chinese stocks. But megacap U.S. tech jumped, taking the $NASDAQ 100 Index (.NDX.US)$ and $S&P 500 Index (.SPX.US)$ to new peaks, in a choppy session ahead of Friday's options expiration.
Salad chain Sweetgreen attains $6 billion value in debut
$Sweetgreen (SG.US)$ soared 77% in its trading debut after raising $364 million in an upsized initial public offering, more tripling its valuation from a funding round less than a year ago.
The IPO is the the 14th this year in the U.S. by food and beverage companies, according to data compiled by Bloomberg. Nine of those are trading below their offering price after listing at valuations that proved optimistic amid labor shortages, rising prices and a rocky earnings season for the sector.
Robinhood, Citadel win dismissal of meme-stock lawsuit
Citadel and $Robinhood (HOOD.US)$ won dismissal of a proposed class-action lawsuit brought by retail investors who accused the firms of colluding during January's meme-stock frenzy.
U.S. District Judge Cecilia Altonaga in Miami said that the plaintiffs failed to show there was any agreement between Citadel Securities and Robinhood to act in concert. In a Wednesday ruling, she dismissed the case without prejudice, giving the investor group until Dec. 20 to possibly file an amended complaint.
Ford, GM step into chip business
$Ford Motor (F.US)$ on Thursday morning outlined a strategic agreement with U.S.-based semiconductor manufacturer $GlobalFoundries (GFS.US)$ to develop chips, a pact that could eventually lead to joint U.S. production.
$General Motors (GM.US)$ later said it was forging ties with some of the biggest names in semiconductors—including $Qualcomm (QCOM.US)$ and $NXP Semiconductors (NXPI.US)$—and has agreements in place to co-develop and manufacture computer chips.
Macy's hires adviser to study separation of e-commerce business
$Macy's (M.US)$ said it hired consulting firm AlixPartners to evaluate whether it makes sense to spin off its e-commerce operations, a move that comes amid pressure from an activist investor to separate the fast-growing digital segment from the department-store chain's physical stores.
Macy's announcement came as it posted another quarter of strong sales growth Thursday, with plans to launch a new online marketplace through its website for third-party sellers. Shares rose 21%.
Buffett-backed indian fintech giant Paytm stumbles in market debut
Shares in the owner of Indian mobile-payments company Paytm fell sharply on their first day of trading, after it sold about $2.5 billion of stock in the country's largest initial public offering.
Stock in One97 Communications Ltd. dropped 27% from its IPO price of 2,150 rupees, the equivalent of $28.95, to close Thursday at 1,564 rupees.
TikTok usage surpassed Instagram this year among kids aged 12 to 17, Forrester survey says
More Americans between the ages of 12 and 17 are using TikTok than Instagram on a weekly basis, according to survey findings published by Forrester on Thursday. $Meta Platforms (FB.US)$ said last month that it was trying to appeal better to younger users with its services, including Instagram.
"We heard from Gen Z youth that they find TikTok to be funnier and more positive versus other social media platforms," said Mike Proulx, an analyst at Forrester.
Crypto 'hypergrowth' can beat inflation, says iCapital's Anastasia Amoroso
With higher inflation and more modest stock gains likely looming ahead in the new year, Anastasia Amoroso, chief investment strategist at iCapital Network, says investors should be looking at 2021's standout asset class: cryptocurrencies.
Amoroso noted that cryptocurrencies have risen this year by "something like 200%," and said that Bitcoin has "classic inflation-hedging characteristics," including its limited supply alongside growing demand.
Source: Bloomberg, WSJ, CNBC