Posts by Mark Darwin
Some SGX-listed energy stocks surge as oil prices rally on Israel-Iran conflict
[SINGAPORE] Shares of oil and gas companies listed on the Singapore Exchange (SGX) such as Rex International and RH PetroGas rose by more than 6 per cent at the market open on Monday (Jun 16). This comes on the back of global crude oil prices surging amid escalating conflict in the Middle East between Iran…
Read MoreHong Kong bourse seeks to woo South-east Asia, Middle East firms for second listings
[HONG KONG] The Hong Kong stock exchange plans to attract listed companies in South-east Asia and the Middle East, in particular, for second listings in the financial hub, its chief executive said, as the bourse looks to burnish its global credentials. Hong Kong Exchanges and Clearing Ltd (HKEX) also sees a pickup in the number…
Read MoreAustralia’s ASX shares slide as regulator launches probe into ‘serious failures’
SHARES of Australian bourse operator ASX dropped on Monday after the country’s securities regulator launched an investigation into the company, citing “repeated and serious” operational failures. Shares of ASX were down 4.4 per cent at A$69.58, as of 0044 GMT, on track for their worst day since March 12, if current losses hold. The stock…
Read MoreLivingstone Health’s strategy rooted in patient care and steady growth
[SINGAPORE] Livingstone Health is not in a rush to grow. Much like the lithops – a hardy succulent also known as a living stone, from which the company takes its name – the Singapore-based healthcare group is taking a slow and steady approach to expansion. The Catalist-listed company, which went public in 2021, operates 20…
Read MoreFed on hold leaves Wall Street asking what it will take to cut interest rates
[NEW YORK] With US Federal Reserve officials signalling an extended hold on interest rates, investors and economists will look to chair Jerome Powell this week for clues on what might eventually prompt the central bank to make a move, and when. A fourth straight meeting without a cut could provoke another tirade from US President…
Read MoreA ‘village’ where Alzheimer’s patients move about freely: Perennial’s new care model in China
[XI’AN] Near the scenic Qinling mountains of Xi’an is a life-sized replica of a typical Chinese town. It features residential blocks, a post office, grocery store, florist and playground. Bus stops line the road running through the town. Geese honk near a fountain, looking for food. Elderly people go about their morning exercise routines. This…
Read MoreTaiwan imposes technology export controls on Huawei, SMIC
Taiwan has blacklisted Huawei Technologies and Semiconductor Manufacturing International Corp (SMIC), dealing another major blow to the two companies spearheading China’s efforts to develop cutting-edge AI chip technologies. Taiwan’s International Trade Administration has included Huawei, SMIC and several of their subsidiaries in an update of its so-called strategic high-tech commodities entity list, according to the…
Read MoreUS dollar’s tepid rebound reinforces questions around haven role
The US dollar’s muted rally against major peers after Israel’s strikes on Iran reinforced the impression that the greenback’s role as a global haven currency is fading. A Bloomberg gauge of the US dollar gained as much as 0.6 per cent at one point on Friday (Jun 13) after Israel’s attacks on Iranian nuclear facilities…
Read MoreThe low-cost carriers that have taken to Singapore skies
[SINGAPORE] News of the impending shutdown of Jetstar Asia, with the loss of more than 500 jobs, has sent shockwaves through the aviation sector. Comments on social media site Reddit lamented the budget carrier’s closure as it was the only airline that plied between Singapore and the holiday destinations of Okinawa in Japan, Wuxi in…
Read MoreDBS, OCBC, UOB lead weekly buyback consideration tally
[SINGAPORE] Over the five trading sessions from Jun 6 to 12, institutions were net sellers of Singapore stocks with net institutional outflow of S$80 million, following the S$32 million net outflow from the preceding five sessions. This took the net institutional outflow for 2025 to Jun 12 to S$1.84 billion. Institutional flows Over the five…
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