Market View: Oil prices, gold retreat as Trump calms Iran fears; Trump imposes 25% tariff on imports of some AI chips; Alibaba to link Taobao shopping to main AI app; Bank of Korea stands pat; UOB, Sembcorp, Advanced Systems Automation to watch

Singapore shares dipped today, tracking movements in most Asian markets. The Straits Times Index was down 0.21% at 4,802.25 points at 11.58am Singapore time, with a value turnover of S$573.84M seen in the broader market. In terms of counters to watch, we have UOB, after the bank priced S$850 million in perpetual capital securities at 3 per cent under the bank’s US$30 billion Global Medium Term Note Programme. Elsewhere, from how South Korea’s central bank left its benchmark interest rate unchanged in a widely expected move, to how Alibaba Group Holding plans to link its flagship online shopping and travel services to its artificial intelligence app, more international and corporate headlines remained in focus. Also on deck, how US President Donald Trump imposed a 25 per cent tariff on certain AI chips. 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.