Market Focus Daily: Monday, March 25, 2024 (Ep 29)

Published Mon, Mar 25, 2024 · 05:46 PM

Market updates for Monday. PHOTO: ADOBE STOCK

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Singapore’s inflation higher than expected in February; Tokyo stocks end winning streak in profit taking; Private equity deals in Asia plummet to decade low; Best World International seeks to delist by selective capital reduction.

Synopsis: Market Focus Daily is a closing bell roundup by The Business Times that looks at the day’s market movements and news from Singapore and the region.

Written and hosted by: Emily Liu (emilyliu@sph.com.sg)

Recording engineer: Joann Chai Pei Chieh

Produced and edited by: Lee Kim Siang & Claressa Monteiro

Produced by: BT Podcasts, The Business Times, SPH Media

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Singapore shares little changed at Monday’s open; STI down 0.01%

MAS and MTI say February's higher core prices were driven by higher services and food inflation, partly reflecting seasonal effects associated with Chinese New Year.

Singapore’s inflation rises more than expected in February; core inflation at 3.6%, headline at 3.4%

The benchmark Nikkei 225 index lost 1.2 per cent, or 474.31 points, to end at 40,414.12, while the broader Topix index dropped 1.3 per cent, or 35.58 points, to 2,777.64.

Tokyo stocks end lower on profit-taking

Best World will obtain approval for the selective capital reduction at an extraordinary general meeting. The proposal also requires the approval and confirmation of the High Court.

Best World International seeks to delist by selective capital reduction; shareholders requisition EGM on cash reserves, dividends, directors’ pay

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