Singapore shares were up more than 1 per cent this afternoon, as China’s central bank reiterated plans to boost the economy to promote growth in 2025.

The benchmark Straits Times Index (STI) advanced 1.1 per cent, to 3,793.46 points as at 1.23 pm as 716 million shares changed hands in the broader market.

In terms of companies to watch today, we have Yangzijiang Shipbuilding, after the maritime vessel maker announced yesterday that it had secured another US$2.6 billion in shipbuilding contracts, taking its order wins to US$14.3 billion in the year to date. 

Elsewhere, from more on China’s central bank chief signalling support for the country’s economy, to ExxonMobil reportedly mulling a sale of its gas stations in Singapore – more corporate and international headlines remain in focus. 

Also on deck – what we should know about the biggest actions taken by the US in its third big crackdown on China’s semiconductor industry. 

On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Dan Chang, Investment Specialist and Trading Representative, PhillipCapital.

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