Market View: MAS Surprises, the STI Hits New Heights & China's AI Bet Gets Bigger

Singapore surprises markets again as the Monetary Authority of Singapore tightens monetary policy, signalling confidence in the economy while moving to contain renewed inflation risks from higher oil prices. We unpack what the move means for the Singapore dollar, local equities and whether it could offer clues ahead of this week's pivotal US Federal Reserve meeting. We also look at China's blockbuster AI memory-chip IPO, which saw CXMT soar on its Shanghai debut, fuelling optimism around the country's semiconductor ambitions. Also hear about and the corporate stories moving Samsung, Shein, UOB and Raffles Medical in our Up or Down segment, before ending with the latest box office winner Michelle caught recently.See omnystudio.com/listener for privacy information.