Market News Summary
US:DGT:Dow Jones Industrial Average
The Dow Jones Industrial Average gained 179 points, or 0.4%, on Tuesday, closing at 44,502.44, as investors weighed earnings and market resilience.
SGX:S27.SI:S&P 500
The S&P 500 inched up 0.06% to 6,309.62, marking its 11th record close of 2025 despite muted optimism in the markets.
US:QQQ:Nasdaq Composite
The Nasdaq Composite fell 0.4% to 20,892.69 as chip stocks dragged the tech-heavy index into its first loss in seven sessions.
US:GOOGL:Alphabet
Alphabet will report earnings Wednesday, with investors closely watching its performance as part of the “Magnificent Seven.” Shares have gained just 1% in 2025, lagging the S&P 500.
US:TSLA:Tesla
Tesla is set to report earnings Wednesday after market close, kicking off the electric vehicle sector’s quarterly updates.
US:HAS:Hasbro
Hasbro will report earnings Wednesday before the market opens, drawing attention amid a busy earnings week.
US:CMG:Chipotle Mexican Grill
Chipotle Mexican Grill will release results after Wednesday’s market close, following a strong run in the consumer sector.
US:MAT:Mattel
Mattel is also reporting Wednesday after the close, with results expected to shed light on consumer trends.
US:NVDA:Nvidia
Nvidia lost over 2% Tuesday as chip stocks sold off, pressured by delays in SoftBank and OpenAI’s $500 billion AI project.
US:AVGO:Broadcom
Broadcom dropped more than 3% on chip-sector weakness tied to concerns over AI project slowdowns.
US:TSM:Taiwan Semiconductor Manufacturing
Taiwan Semiconductor Manufacturing declined nearly 2%, extending losses among major semiconductor names.
US:IQV:IQVIA Holdings
IQVIA Holdings soared nearly 18%, its best day ever, after beating second-quarter earnings and revenue expectations.
US:CRL:Charles River Laboratories
Charles River Laboratories surged 9% as health care stocks led the broader market higher.
US:DGX:Quest Diagnostics
Quest Diagnostics gained 7% on Tuesday, benefiting from renewed momentum in the health-care sector.
US:LMT:Lockheed Martin
Lockheed Martin plunged 11% to a 52-week low after reporting weaker-than-expected second-quarter revenue.
US:NOC:Northrop Grumman
Northrop Grumman climbed to all-time highs, rising over 39% year-to-date despite overall market volatility.
US:PM:Philip Morris
Philip Morris dropped 8% Tuesday after its second-quarter revenue missed Wall Street estimates.
US:TXN:Texas Instruments
Texas Instruments tumbled more than 9%, despite beating second-quarter earnings, as its third-quarter guidance disappointed investors.
US:CSGP:CoStar Group
CoStar Group rose 1% after topping second-quarter earnings and revenue expectations, trading at levels not seen since May 2024.
US:ENPH:Enphase Energy
Enphase Energy fell more than 5% despite an earnings beat, as its revenue outlook came in below analyst consensus.
US:ISRG:Intuitive Surgical
Intuitive Surgical slipped 1% despite reporting earnings of $2.19 per share and $2.44 billion in revenue, both beating expectations.
US:CALM:Cal-Maine Foods
Cal-Maine Foods climbed nearly 4% after reporting fiscal fourth-quarter earnings of $7.04 per share, sharply higher than the year-ago $2.32.
US:SAP:SAP SE (ADR)
SAP SE declined 2% after reporting €9.03 billion in revenue, slightly below analyst expectations.
US:AMZN:Amazon
Amazon was highlighted as a “strong buy” ahead of earnings, trading at a 31x forward multiple and showing resilience in retail and AWS growth.
US:PWR:Quanta Services
Quanta Services rose 25% year-to-date and was named a key AI infrastructure play, despite its lofty valuation at 33x forward earnings.
US:CORE:CoreWeave
CoreWeave, a newly public AI-focused cloud company, remains a major “neocloud” play despite concerns over high capital expenditures and valuations.
Private:Nebius
Nebius, another AI-native cloud firm, is attracting attention in the sector as investors weigh its growth prospects against capex risks.
US:NVDA:Nvidia
Beyond chip losses, Nvidia has increased investments in CoreWeave and other neocloud startups, betting on AI cloud demand despite broader market caution.
US:EBAY:Ebay
Ebay hit a 52-week high Tuesday, trading at levels not seen since October 2021.
US:DLTR:Dollar Tree
Dollar Tree traded near highs last seen in June 2024, continuing its momentum in retail.
US:SO:Southern Company
Southern Company reached an all-time high dating back to its 1949 NYSE listing.
US:NI:NiSource
NiSource set a new high, benefiting from long-term growth strategies dating back over a century.
US:AEP:American Electric Power
American Electric Power achieved an all-time high, building on steady utility sector gains.
US:RMD:ResMed
ResMed traded at its highest levels since December 2021, extending its rebound.
US:IVZ:Invesco
Invesco climbed to its highest price since April 2022.
US:WELL:Welltower
Welltower hit all-time highs, supported by strong performance in the real estate sector.
US:FAST:Fastenal
Fastenal touched an all-time high dating back to its 1987 IPO.
US:NSC:Norfolk Southern
Norfolk Southern reached levels not seen since April 2022, aided by transport sector strength.
US:TRUMP:Trade Developments
President Donald Trump announced a trade agreement with the Philippines, involving a 19% tariff on imports and military cooperation, though the Philippines has yet to confirm the deal.
SGX:AVANDA:Avanda Investment Management
The Monetary Authority of Singapore appointed Avanda Investment Management as one of the first managers under its $5 billion Equity Market Development Programme, focusing on Singapore small- and mid-cap stocks.
SGX:FULLERTON:Fullerton Fund Management
Fullerton Fund Management was also appointed by the Monetary Authority of Singapore under the $5 billion Equity Market Development Programme to drive liquidity in small- and mid-cap stocks.
US:JPM:JP Morgan Asset Management
JP Morgan Asset Management joined Avanda and Fullerton as the first managers under MAS’s $5 billion Equity Market Development Programme to boost market liquidity.
SGX:AEM:AEM Holdings
AEM Holdings is among 18 Singapore-listed companies expected to benefit from new liquidity driven by MAS-backed equity fund strategies.
SGX:OU8.SI:Centurion Corporation
Centurion Corporation is set to gain investor attention and liquidity from MAS-supported fund managers investing in small- and mid-cap Singapore companies.
SGX:C52.SI:ComfortDelGro
ComfortDelGro is highlighted as a likely beneficiary of MAS-driven funds due to its valuation and yield compared to industry peers.
SGX:CSE:CSE Global
CSE Global is projected to see improved liquidity and valuations as part of MAS’s small- and mid-cap market reform via new equity strategies.
SGX:EB5.SI:First Resources
First Resources is listed as one of the 18 companies poised to benefit from MAS’s equity market programme through greater investor flow.
SGX:F03.SI:Food Empire
Food Empire is among Singapore-listed small- and mid-caps expected to gain from enhanced market liquidity.
SGX:E28.SI:Frencken Group
Frencken Group is set to attract more investor attention under MAS-backed funds targeting smaller Singapore companies.
SGX:E5H.SI:Golden Agri-Resources
Golden Agri-Resources is positioned to gain as MAS-backed funds channel capital into the mid-cap segment.
SGX:AIY.SI:iFast Corporation
iFast Corporation is identified as one of the MAS programme’s expected beneficiaries for enhanced trading volume and liquidity.
SGX:MZH.SI:Nanofilm Technologies
Nanofilm Technologies is likely to benefit from increased investment flows under MAS’s equity development initiative.
SGX:AP4.SI:Riverstone Holdings
Riverstone Holdings is one of the 18 Singapore companies expected to attract more liquidity as MAS-backed managers deploy capital.
SGX:S58.SI:SATS
SATS will benefit from new MAS-driven fund strategies designed to raise liquidity in the mid-cap market.
SGX:OV8.SI:Sheng Siong Group
Sheng Siong Group is identified as a “local champion” that could see increased investment under Avanda’s MAS-backed strategy.
SGX:S59.SI:SIA Engineering
SIA Engineering is highlighted as a likely beneficiary of the MAS liquidity programme while also reporting a 29% year-on-year rise in 1QFY2025 net profit to $42.9 million.
SGX:S08.SI:Singapore Post
Singapore Post divested its freight forwarding arm, including Famous Holdings and Rotterdam Harbour Holding, for $177.9 million, unlocking $104 million cash and booking a $10.5 million gain.
SGX:CC3.SI:StarHub
StarHub is among the Singapore-listed companies expected to attract more capital inflows as part of MAS’s equity market reforms.
SGX:558.SI:UMS Integration
UMS Integration is identified as a potential “local champion” in Avanda’s MAS-backed investment strategy, driven by its semiconductor client base.
SGX:YF8.SI:Yangzijiang Financial
Yangzijiang Financial is expected to benefit from increased trading activity under MAS’s liquidity-focused fund programme.
US:DPW:DP World Logistics
DP World Logistics acquired part of Singapore Post’s freight forwarding business for US$97.7 million as part of its logistics expansion.
Private:FamousHoldings
Famous Holdings, formerly owned by Singapore Post, was sold to a consortium including minority shareholders, unlocking additional proceeds for the seller.
Private:RHH:Rotterdam Harbour Holding B.V.
Rotterdam Harbour Holding B.V., another unit of Singapore Post’s freight division, was divested as part of its $177.9 million sale plan.
HK:0294.HK:DFI Retail Group
DFI Retail Group declared a special dividend of 44.3 US cents, its first in 18 years, and posted US$105 million in underlying profit for 1HFY2025.
HK:6808.HK:Yonghui
Yonghui stake divestment by DFI Retail Group generated part of US$900 million proceeds, bolstering its cash reserves.
HK:RRHI:Robinsons Retail
Robinsons Retail divestment by DFI Retail Group contributed to its US$900 million in asset sale proceeds in 1HFY2025.
SGX:C6L.SI:Singapore Airlines
Singapore Airlines renewed a $1.3 billion services agreement with SIA Engineering, boosting the engineering firm’s quarterly revenue.
Private:Scoot
Scoot extended a comprehensive services contract with SIA Engineering, contributing to its $42.9 million quarterly profit.
HK:0408.HK:Hutchison Port Holdings Trust
Hutchison Port Holdings Trust posted HK$265.1 million earnings for 1HFY2025, up 67.6% year-on-year, and declared a 5 HK cent DPU.
HK:0005.HK:Hong Kong Terminals
Throughput at Hong Kong terminals run by Hutchison Port Holdings Trust dropped 3.3% year-on-year due to weaker empty and transshipment cargoes.
China:SZ:Shenzhen Terminals
Shenzhen terminals operated by Hutchison Port Holdings Trust saw throughput rise 12.7% year-on-year, driven by export and transshipment cargo growth.
SGX:8AZ.SI:Aztech Global
Aztech Global reported a 65.5% year-on-year earnings drop to $16.08 million for 1HFY2025 as revenue plunged 50% to $185.4 million, citing weak demand.
SGX:F99.SI:Frasers & Neave (F&N)
Frasers & Neave (F&N) was flagged by DBS Group Research as undervalued, with analysts estimating fair value between $1.79 and $2.06 per share due to stakes in F&N Berhad and Vinamilk.
KL:3689.KL:F&N Berhad
F&N Berhad, majority-owned by Frasers & Neave, supports the group’s long-term valuation as it grows dairy operations across ASEAN.
Vietnam:VNM:Vinamilk
Vinamilk, in which Frasers & Neave owns 20.2%, is a core growth driver as demand for dairy products rises across emerging Asian markets.
SGX:ASTREA9:Astrea 9 Private Equity Bonds
The Astrea 9 Private Equity Bonds, wholly owned by Azalea Asset Management, will list on SGX, offering US$780 million across Class A-1, A-2, and B tranches.
HK:1088.HK:China Shenhua Energy
China Shenhua Energy surged as the Chinese government warned coal mines producing beyond permitted levels may face shutdown, boosting sentiment for coal miners.
HK:1898.HK:China Coal Energy
China Coal Energy rose sharply after regulators signaled tighter controls on coal production, triggering broad gains for Hong Kong-listed coal miners.
HK:1171.HK:Yanzhou Coal Mining
Yanzhou Coal Mining advanced alongside peers as Beijing threatened to close operations exceeding production limits to curb overcapacity.
HK:01211.HK:BYD Company
BYD Company will delay mass production at its Hungarian new energy vehicle plant until 2026 and operate below designed output for at least two years, according to sources.
HK:01211.HK:BYD Company
BYD Company captured 26.7% market share of 18,356 electric private cars registered in Hong Kong during the first half of 2025, reinforcing its EV market dominance.
HK:01211.HK:BYD Company
BYD Company agreed to supply 70 new energy vehicles to Italian football club Inter Milan as part of a three-year strategic partnership.
HK:0005.HK:HSBC Holdings
HSBC Holdings briefly crossed the HK$100 mark during trading, lifting the Hang Seng Index by 135 points to close at 25,130.
HK:2318.HK:China Life Insurance
China Life Insurance purchased more than RMB90 billion in public market equities in the first half of 2025, signaling an aggressive investment push.
HK:09988.HK:Alibaba Group
Alibaba Cloud, part of Alibaba Group, will integrate the Tongyi Qianwen AI model into HP’s Xiaowei AI assistant, utilizing a compact 3B model for local deployment.
US:HPQ:HP
HP partnered with Alibaba Cloud to embed the Tongyi Qianwen AI model into its Xiaowei assistant, aiming to enhance AI offerings in China.
HK:1929.HK:Chow Tai Fook Jewellery
Chow Tai Fook Jewellery posted a 1.9% year-on-year drop in first-quarter retail sales value, reflecting weaker consumer demand.
HK:0775.HK:CK Hutchison Holdings
CK Hutchison Holdings climbed nearly 3%, supporting gains on the Hang Seng Index during Tuesday’s session.
HK:0823.HK:Link REIT
Link REIT confirmed CEO George Hongchoy will retire in June 2026 for family reasons, with analysts expecting a smooth leadership transition.
HK:09668.HK:Kuaishou Technology
Kuaishou Technology shares hit new highs as technology stocks drove gains on the Hang Seng Index close.
HK:01833.HK:Zijin Mining Group
Zijin Mining Group touched record highs during Tuesday trading as investors flocked to resource stocks.
HK:01378.HK:China Hongqiao Group
China Hongqiao Group surged to a new peak alongside other industrial and commodity-linked counters.
HK:09633.HK:Nongfu Spring
Nongfu Spring also reached an all-time high as consumer staples remained in demand among Hong Kong investors.
KL:5212.KL:Pavilion REIT
Pavilion Real Estate Investment Trust posted an 8.2% year-on-year rise in net property income to RM129.83 million for 2QFY2025, driven by Pavilion Bukit Jalil contributions and higher advertising revenue, but warned margins could face pressure from rising taxes, wage hikes, and subsidy rationalisation.
KL:5347.KL:Tenaga Nasional Bhd
Tenaga Nasional Bhd secured High Court approval to initiate a judicial review against the Inland Revenue Board over a RM291.55 million tax assessment for FY2018, with an interim stay granted on enforcement for subsidiary TNB Western Energy Bhd.
KL:5251.KL:Jati Tinggi Group Bhd
Jati Tinggi Group Bhd won a RM19.41 million contract from Tenaga Nasional Bhd for submarine cable works in Perak via a 70:30 joint venture, bringing its total new project wins to RM192.68 million since December 2024.
KL:5219.KL:Pestec International Bhd
Pestec International Bhd faces a RM17.52 million lawsuit from ex-CEO Paul Lim Pay Chuan and former deputy chairman Lim Ah Hock over alleged unpaid advances, following their removal from leadership roles amid a boardroom tussle.
KL:7035.KL:Majuperak Holdings Bhd
Majuperak Holdings Bhd saw its proposed RM18.4 million disposal of Brewster Village to Ladang Lekir Sdn Bhd terminated due to unmet conditions, with the group still classified as an affected issuer pending a revised regularisation plan by Oct 11.
KL:0201.KL:HI Mobility Bhd
HI Mobility Bhd confirmed several Causeway Link drivers staged a strike at the Johor-Singapore Causeway over recent wage cuts, with negotiations ongoing to resolve the dispute.
KL:0291.KL:Oasis Harvest Corp Bhd
Oasis Harvest Corp Bhd saw Labuan-based European Credit Investment Bank Ltd (ECIB) acquire a 5.78% stake worth RM334,272, becoming its third-largest shareholder following earlier purchases in Green Packet Bhd.
KL:0082.KL:Green Packet Bhd
Green Packet Bhd earlier this month saw European Credit Investment Bank Ltd (ECIB) acquire a 5.77% stake, expanding ECIB’s investments in Malaysian tech firms.
KL:0270.KL:UUE Holdings Bhd
UUE Holdings Bhd signed a memorandum of understanding with ASEAN Cableship Pte Ltd to explore a joint venture offering horizontal directional drilling services for offshore telecommunications and infrastructure projects in Malaysia and Singapore.
KL:0300.KL:SL Innovation Capital Bhd
SL Innovation Capital Bhd deferred its proposed transfer from the LEAP Market to the ACE Market, citing current market uncertainties, after first announcing the move in June 2023.
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