Market View: Oil falls on report of IEA proposing biggest oil release ever; Asian markets react to news on oil release; Meta to acquire Moltbook; Jardine Matheson, Yangzijiang Shipbuilding to watch

Singapore shares were little moved today as all eyes remained on oil price movements and developments in the Middle East.  The Straits Times Index was down a marginal 0.05% at 4,858.11 points at 2.47pm Singapore time, with a value turnover of S$1.09B seen in the broader market. In terms of counters to watch for today, we have Jardine Matheson Holdings, after the Hong Kong-based conglomerate yesterday reported an 11 per cent year-on-year increase in underlying profit to US$1.7 billion for financial year 2025. Full-year revenue fell 4 per cent to US$34.2 billion.  Elsewhere from how the International Energy Agency has reportedly proposed the largest release of oil reserves in its history to bring down crude prices,to how Meta has agreed to acquire Moltbook, more international and corporate headlines remain in focus. On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Kenneth Goh, Director, Private Wealth Management, UOB Kay Hian.See omnystudio.com/listener for privacy information.