Market View: US Fed minutes; StarHub appoints DBS group exec as independent director; Xiaomi shares up some 8.5% after reporting fastest pace of quarterly revenue growth; LVMH cuts hundreds of staff in China and more

Singapore shares started trading in negative territory today despite overnight gains in global markets.

The Straits Times Index (STI) opened 0.3 per cent lower at 3,364.53 points after 23.9 million securities changed hands in the broader market.

In terms of companies to watch, we have StarHub. That’s as the telco appointed DBS Singapore group executive and country head Han Kwee Juan as its independent director as of 1st September. 

Elsewhere, from a deep dive into minutes from the US Federal Reserve’s latest policy meeting, to LVMH’s Sephora cutting about 10% of staff in China, more corporate and international headlines are in focus. 

On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with Terence Wong, CEO, Azure Capital.

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