China stocks rise on robust factory activity data, Xi’s speech
https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/china-stocks-rise-robust-factory-activity-data-xis-speech
https://www.businesstimes.com.sg/companies-markets/capital-markets-currencies/china-stocks-rise-robust-factory-activity-data-xis-speech
The Business Times
China stocks rise on robust factory activity data, Xi’s speech
Tech shares surge, continuing their outperformance against traditional sector stocks Read more at The Business Times.
China manufacturing caps best quarter since 2020: survey
https://www.businesstimes.com.sg/international/china-manufacturing-caps-best-quarter-2020-survey
https://www.businesstimes.com.sg/international/china-manufacturing-caps-best-quarter-2020-survey
The Business Times
China manufacturing caps best quarter since 2020: survey
New orders increase for a 13th straight month, matching a 2021 record that is the best streak since 2018 Read more at The Business Times.
OCBC rolls out AI-native banking, to hire 600 relationship managers in wealth push
https://www.businesstimes.com.sg/companies-markets/ocbc-rolls-out-ai-native-banking-hire-600-relationship-managers-wealth-push
https://www.businesstimes.com.sg/companies-markets/ocbc-rolls-out-ai-native-banking-hire-600-relationship-managers-wealth-push
The Business Times
OCBC rolls out AI-native banking, to hire 600 relationship managers in wealth push
Its new app uses AI-powered digital avatars to deliver personalised wealth insights to affluent clients Read more at The Business Times.
Singapore seeks feedback on Bill to regulate major data centres, cloud service providers
https://www.businesstimes.com.sg/singapore/economy-policy/singapore-seeks-feedback-bill-regulate-major-data-centres-cloud-service-providers
https://www.businesstimes.com.sg/singapore/economy-policy/singapore-seeks-feedback-bill-regulate-major-data-centres-cloud-service-providers
The Business Times
Singapore seeks feedback on Bill to regulate major data centres, cloud service providers
The draft Bill proposes new resilience, security and energy-efficiency requirements for major operators Read more at The Business Times.
Golden Village to close Plaza Singapura outlet after 28 years amid mall revamp
https://www.businesstimes.com.sg/singapore/golden-village-close-plaza-singapura-outlet-after-28-years-amid-mall-revamp
https://www.businesstimes.com.sg/singapore/golden-village-close-plaza-singapura-outlet-after-28-years-amid-mall-revamp
The Business Times
Golden Village to close Plaza Singapura outlet after 28 years amid mall revamp
There are no plans to shutter any remaining outlets, a Golden Village spokesperson said Read more at The Business Times.
Bitcoin falls to 21-month low on strategy, rate-hike fears
https://www.businesstimes.com.sg/wealth/crypto-alternative-assets/bitcoin-falls-21-month-low-strategy-rate-hike-fears
https://www.businesstimes.com.sg/wealth/crypto-alternative-assets/bitcoin-falls-21-month-low-strategy-rate-hike-fears
The Business Times
Bitcoin falls to 21-month low on strategy, rate-hike fears
Hawkish comments by Fed are fuelling expectations for higher rates, encouraging capital away from assets like cryptocurrencies Read more at The Business Times.
Iran war delivers massive swings in Chinese petrochemicals trade
https://www.businesstimes.com.sg/companies-markets/energy-commodities/iran-war-delivers-massive-swings-chinese-petrochemicals-trade
https://www.businesstimes.com.sg/companies-markets/energy-commodities/iran-war-delivers-massive-swings-chinese-petrochemicals-trade
The Business Times
Iran war delivers massive swings in Chinese petrochemicals trade
Amid loss of feedstock from the Persian Gulf, Asian petrochemical importers tapped China, which has massive stockpiles Read more at The Business Times.
From caviar to foie gras: China’s next export shock
“Even French foie gras is being outclassed by China!”
My friend sent me this message after seeing a news report that China’s foie gras production was rapidly closing in on France’s.
Once synonymous with French fine dining, foie gras has been steadily “demystified” in China. It is no longer an exclusive luxury but an increasingly accessible ingredient, finding its way into everything from foie gras fried rice to hotpot, where thin slices are briefly cooked in simmering broth. Even in upscale restaurants, the once-novel “foie gras cherry” has become a staple on the menu.
https://www.businesstimes.com.sg/lifestyle/food-drink/caviar-foie-gras-chinas-next-export-shock
“Even French foie gras is being outclassed by China!”
My friend sent me this message after seeing a news report that China’s foie gras production was rapidly closing in on France’s.
Once synonymous with French fine dining, foie gras has been steadily “demystified” in China. It is no longer an exclusive luxury but an increasingly accessible ingredient, finding its way into everything from foie gras fried rice to hotpot, where thin slices are briefly cooked in simmering broth. Even in upscale restaurants, the once-novel “foie gras cherry” has become a staple on the menu.
https://www.businesstimes.com.sg/lifestyle/food-drink/caviar-foie-gras-chinas-next-export-shock
The Business Times
From caviar to foie gras: China’s next export shock
From caviar to foie gras, Chinese producers are entering markets long tied to European prestige. As these brands expand overseas, Lianhe Zaobao China news editor Yang Danxu explores what their success reveals about China’s growing influence in global markets…
UOB breaks ground on US$450 million tower in Vietnam’s international financial centre
https://www.businesstimes.com.sg/international/asean/uob-breaks-ground-us450-million-tower-vietnams-international-financial-centre
https://www.businesstimes.com.sg/international/asean/uob-breaks-ground-us450-million-tower-vietnams-international-financial-centre
The Business Times
UOB breaks ground on US$450 million tower in Vietnam’s international financial centre
It is the only Singapore bank with a wholly owned subsidiary in the country Read more at The Business Times.
Australia weighs break-up of Big Four accounting firms after scandals
https://www.businesstimes.com.sg/international/australia-weighs-break-big-four-accounting-firms-after-scandals
https://www.businesstimes.com.sg/international/australia-weighs-break-big-four-accounting-firms-after-scandals
The Business Times
Australia weighs break-up of Big Four accounting firms after scandals
A paper from the Treasury department said the recent conduct of the Big Four accounting firms exposed gaps in Australia’s regulatory framework Read more at The Business Times.
Evening Update: Today’s headlines from The Straits Times on July 1, 2026
https://str.sg/adg2
https://str.sg/adg2
The Straits Times
Evening Update: Today’s headlines from The Straits Times on July 1, 2026
You are reading the Evening Update newsletter. Get up to speed with the important stories from the day. Subscribe to our newsletter. Read more at straitstimes.com.
#SgMarketUpdate
Singapore stocks fall as investors await Fed chair comments; STI down 0.2%
Singapore stocks ended lower on Wednesday (Jul 1), as investors held out for upcoming comments from US Federal Reserve chair Kevin Warsh.
He is expected to speak later in the day at the European Central Bank Forum in Sintra, Portugal.
The benchmark Straits Times Index (STI) lost 0.2 per cent or 9.15 points to finish at 5,161.50.
ST Engineering : S63 +1.64% led the gainers on Singapore’s blue-chip index, rising 1.6 per cent or S$0.17 to S$10.56.
The worst performer among STI constituents was DFI Retail Group : D01 -5.01%, which fell 5 per cent or US$0.19 to US$3.60.
The three local banks ended mixed on Wednesday. DBS : D05 +0.05% rose 0.05 per cent or S$0.03 to S$65.43, while OCBC : O39 -0.52% finished 0.5 per cent or S$0.13 lower at S$24.66, and UOB : U11 -0.28% fell 0.3 per cent or S$0.11 to S$39.65...
Across the broader market, losers outnumbered gainers 233 to 198, after 806.6 million securities worth S$1.6 billion changed hands.
Key regional indices were mixed. Japan’s Nikkei 225 gained 0.6 per cent, while South Korea’s Kospi fell 2 per cent and the FTSE Bursa Malaysia KLCI was down 0.4 per cent.
Hong Kong’s Hang Seng Index was closed for a public holiday...
https://www.businesstimes.com.sg/companies-markets/singapore-stocks-fall-investors-await-fed-chair-comments-sti-down-0-2
Singapore stocks fall as investors await Fed chair comments; STI down 0.2%
Singapore stocks ended lower on Wednesday (Jul 1), as investors held out for upcoming comments from US Federal Reserve chair Kevin Warsh.
He is expected to speak later in the day at the European Central Bank Forum in Sintra, Portugal.
The benchmark Straits Times Index (STI) lost 0.2 per cent or 9.15 points to finish at 5,161.50.
ST Engineering : S63 +1.64% led the gainers on Singapore’s blue-chip index, rising 1.6 per cent or S$0.17 to S$10.56.
The worst performer among STI constituents was DFI Retail Group : D01 -5.01%, which fell 5 per cent or US$0.19 to US$3.60.
The three local banks ended mixed on Wednesday. DBS : D05 +0.05% rose 0.05 per cent or S$0.03 to S$65.43, while OCBC : O39 -0.52% finished 0.5 per cent or S$0.13 lower at S$24.66, and UOB : U11 -0.28% fell 0.3 per cent or S$0.11 to S$39.65...
Across the broader market, losers outnumbered gainers 233 to 198, after 806.6 million securities worth S$1.6 billion changed hands.
Key regional indices were mixed. Japan’s Nikkei 225 gained 0.6 per cent, while South Korea’s Kospi fell 2 per cent and the FTSE Bursa Malaysia KLCI was down 0.4 per cent.
Hong Kong’s Hang Seng Index was closed for a public holiday...
https://www.businesstimes.com.sg/companies-markets/singapore-stocks-fall-investors-await-fed-chair-comments-sti-down-0-2
The Business Times
Singapore stocks fall as investors await Fed chair comments; STI down 0.2%
ST Engineering leads the gainers on the blue-chip index Read more at The Business Times.
Stocks making the biggest moves premarket: Nike, ServiceNow, Constellation Brands & more
https://www.cnbc.com/2026/07/01/stocks-making-the-biggest-moves-premarket-nke-now-stz.html?__source=androidappshare
https://www.cnbc.com/2026/07/01/stocks-making-the-biggest-moves-premarket-nke-now-stz.html?__source=androidappshare
CNBC
Stocks making the biggest moves premarket: Nike, ServiceNow, Constellation Brands & more
These are the stocks posting the largest moves premarket.
Goldman flags oil surplus even as nations rebuild stockpiles https://www.businesstimes.com.sg/companies-markets/energy-commodities/goldman-flags-oil-surplus-even-nations-rebuild-stockpiles?utm_source=web_share&utm_medium=referral&utm_campaign=article
The Business Times
Goldman flags oil surplus even as nations rebuild stockpiles
Crossings through Hormuz have picked up despite attacks on two vessels in recent days Read more at The Business Times.
BYD’s sales rise for second month, buoyed by exports
https://www.businesstimes.com.sg/companies-markets/transport-logistics/byds-sales-rise-second-month-buoyed-exports
https://www.businesstimes.com.sg/companies-markets/transport-logistics/byds-sales-rise-second-month-buoyed-exports
The Business Times
BYD’s sales rise for second month, buoyed by exports
Its overseas sales helped cushion weakness in China Read more at The Business Times.
Oil's wild first half upended everything Wall Street expected
https://finance.yahoo.com/markets/article/oils-wild-first-half-of-the-year-upended-everything-wall-street-expected-100000651.html
https://finance.yahoo.com/markets/article/oils-wild-first-half-of-the-year-upended-everything-wall-street-expected-100000651.html
Yahoo Finance
Oil's wild first half of the year upended everything Wall Street expected
For the oil markets, the first half of 2026 has been a wild ride.
#USMarketUpdate
Dow closes little changed after touching record; Nasdaq slides to start July
The Dow Jones Industrial Average scaled to a record high before cooling on Wednesday, while the Nasdaq Composite struggled amid declines in chipmakers.
The 30-stock average lost 13.96 points, or 0.03%, to close at 52,305.24. Earlier in the session, the Dow surged to a new intraday high of 52,742.66 before retreating as artificial intelligence beneficiary Caterpillar pulled back almost 7%.
The S&P 500 dropped 0.22%, ending at 7,483.23.
The Nasdaq Composite declined 0.66% to 26,040.03. The tech-heavy index fell as investors dumped semiconductor names, taking profit after the swath of stocks surged more than 80% in the first half of 2026.
Micron tumbled more than 10%, although it’s still up more than 260% in the year to date. Sandisk also shed over 10%, but the stock is still toting an advance of more than 750% in 2026. Nvidia and Broadcom also fell roughly 1% and 2%, respectively, in the session.
https://www.cnbc.com/2026/06/30/stock-market-today-live-updates.html?__source=androidappshare
Dow closes little changed after touching record; Nasdaq slides to start July
The Dow Jones Industrial Average scaled to a record high before cooling on Wednesday, while the Nasdaq Composite struggled amid declines in chipmakers.
The 30-stock average lost 13.96 points, or 0.03%, to close at 52,305.24. Earlier in the session, the Dow surged to a new intraday high of 52,742.66 before retreating as artificial intelligence beneficiary Caterpillar pulled back almost 7%.
The S&P 500 dropped 0.22%, ending at 7,483.23.
The Nasdaq Composite declined 0.66% to 26,040.03. The tech-heavy index fell as investors dumped semiconductor names, taking profit after the swath of stocks surged more than 80% in the first half of 2026.
Micron tumbled more than 10%, although it’s still up more than 260% in the year to date. Sandisk also shed over 10%, but the stock is still toting an advance of more than 750% in 2026. Nvidia and Broadcom also fell roughly 1% and 2%, respectively, in the session.
https://www.cnbc.com/2026/06/30/stock-market-today-live-updates.html?__source=androidappshare
CNBC
Dow futures dip after blue-chip index posts strongest first-half performance since 2021: Live updates
The Dow Jones Industrial Average rose 8.9% in the first half of 2026.
ADP report misses with jobs data on deck
https://finance.yahoo.com/economy/article/private-employers-added-98000-jobs-in-june-fewer-than-expected-122106116.html
https://finance.yahoo.com/economy/article/private-employers-added-98000-jobs-in-june-fewer-than-expected-122106116.html
Yahoo Finance
Private employers added 98,000 jobs in June, fewer than expected
US private employers brought on 98,000 jobs in June, payroll processor ADP said Wednesday, missing expectations.
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