Market View: Gold glitters to new high amid questions over Fed’s independence, trade uncertainties; US Treasury Secretary Scott Bessent confident that Supreme Court will uphold Trump’s sweeping tariffs; China-led bloc to set up development bank; Chinese margin trades surge to record; Alibaba’s stellar results and movements in Hong Kong’s Hang Seng; DBS, ComfortDelGro, ST Engineering, Nio to watch

Singapore shares were higher today as investors continue to track the outlook for global interest rates. The Straits Times Index was up 0.52% at 4,298.45 points at 2.35pm Singapore time, with a value turnover of S$716.37M seen in the broader market. In terms of counters to watch, we have ST Engineering and ComfortDelGro. That’s after ComfortDelGro became the sole owner of taxi operator CityCab, after acquiring all of ST Engineering Land Systems’ shares for a total purchase consideration of S$116.3 million. Elsewhere, from movements in the Hong Kong Hang Seng after Alibaba’s stellar showing, to gold prices climbing to a new record as investors sought out safe havens – more international headlines remained in focus. On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Too Jun Cheong, Dealing Manager from Moomoo Singapore. See omnystudio.com/listener for privacy information.