Market View: Latest US ADP data shows 32,000 posts lost in November; Nvidia and Gain AI Act; Paramount reportedly hikes Warner Bros breakup fee to US$5 billion; Ship rates spiking 467% marks upended trade across commodities; DFI Retail Group, Singapore Land Group to watch

Singapore shares dipped today despite gains seen on Wall Street overnight. The Straits Times Index was down 0.31% at 4,540.41 points at 11.58am Singapore time, with a value turnover of S$505.89M seen in the broader market. In terms of counters to watch, we have DFI Retail Group, after the supermarket and retail store operator unveiled a three-year strategic road map targeting double-digit profit growth and a higher dividend payout, as it moves to leverage its scale and digital capabilities. Elsewhere, from a breakdown of the latest US ADP jobs report, to more on Nvidia and the so-called Gain AI Act, more international and corporate headlines remained in focus.  Also on deck, how Paramount Skydance reportedly more than doubled the proposed breakup fee in its offer to acquire Warner Bros Discovery to US$5 billion. On Market View, Money Matters’ finance presenter Chua Tian Tian dived into the details with David Chow, Director, Azure Capital. See omnystudio.com/listener for privacy information.