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 ...

The past week has been a dark period in the history of crypto, with the total market capitalization of this industry dipping as low as $1.2 trillion for the first time since July 2021. The turmoil, in large part, has been due to the real-time disintegration of $Terra(LUNA.CC)$.
Last week, Terra has officially stopped block production as the blockchain's native token hit a low of $0.0003, near zero.
In a tumble start...

$Grab Holdings(GRAB.US)$
why some hate it so much while others hodl

What happened:
The U.S. stock markets plummet in the midday after Federal Reserve Chairman Jerome Powell said he expects policymakers in December to discuss accelerating the timetable for the tapering of monthly bond purchases.
Speaking before a Senate panel, he said tapering could wrap up "a few months sooner" than anticipated. That would open the door to interest rate hikes thereafter.
What's Fed tapering?
Buying assets-backed securities to stimulate economic recovery is one of tools used by the U.S. Federal Reserve to manage the health of economy.
Such asset buying, along with a low interest rate is called quantitative easing (QE). It's a way of pumping money into the economy.
When the Fed believes that they economy has recovered sufficiently, it will wind down asset purchases. This process is called tapering.
What's the effect?
Reduction usually heralds the end of quantitative easing financial policies. And it’s a signal of monetary tightening.
In other words, the interest rate will rise and we need bear higher costs such as company borrowing costs, mortgages, auto and housing loans.
Normally, the volatility of stock markets will increase as the tapering looms.
Knowing more about the Federal Reserve is also helpful for your trading.
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$S&P 500 Index(.SPX.US)$ $Nasdaq Composite Index(.IXIC.US)$ $Dow Jones Industrial Average(.DJI.US)$

$Moderna(MRNA.US)$ One stock that continued its Friday trend was Moderna. The vaccine maker’s stock was up another 10% in premarket trading after jumping 20% on Friday.
Vaccine makers have announced measures to investigate omicron with testing already underway. While it remains to be seen how omicron responds to current vaccines or whether new formulations are required, Moderna’s Chief Medical Officer Paul Burton said Sunday the vaccine maker could roll out a reformulated vaccine against the omicron variant early next year.

$BANK OF CHINA(03988.HK)$ bank