Market View: S&P 500, Nasdaq closed at new record highs, earnings from GE Vernova, Boeing and Tesla in focus; Asian shares retreated from record highs as investors took profit; Japan’s Nikkei crosses key 60,000 level for the first time; Intel lands Tesla as first major customer for 14A chip technology; Keppel, City Developments Limited to watch

Singapore shares slid today, tracking movements seen in the region.  The Straits Times Index fell 1.08% to 4,948.92 points at 11.42am Singapore time, with a value turnover of S$965.25M seen in the broader market. In terms of counters to watch, we have Keppel, after the company today reported slightly lower year-on-year net profit for the first quarter ended March, as lower real estate contributions offset higher earnings from its infrastructure and connectivity segments. Elsewhere, from how the S&P 500 and the Nasdaq closed at new record highs overnight, helped by a strong start to earnings season, to how Tesla CEO Elon Musk said that the electric vehicle maker plans to use Intel’s next-generation 14A manufacturing process to make chips at its Terafab project, more corporate headlines remained in focus. Also on deck, how Japan’s Nikkei share average crossed the 60,000 level for the first time today. 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.