Market View: Selloff in Asia on stretched tech valuations, South Korea down as much as 6.2%, Tokyo’s stock index tumbles 4.5%; China confirms suspension of 24% tariff on US goods, retains 10% levy; Chinese Premier Li Qiang says China’s economy is expected to surpass 170 trillion yuan in five years; SIA Engineering, Manulife US Reit to watch

Singapore shares dipped today to track declines seen in the region. The Straits Times Index was down 0.33% at 4,408.27 points at 1.49pm Singapore time, with a value turnover of S$1.33B seen in the broader market. In terms of counters to watch, we have SIA Engineering, after the company posted a 13.5 per cent improvement in net profit to S$40.4 million for the second quarter ended September. Elsewhere, from more on the major sell-off seen in Asia today, to how China said it would extend the suspension of an additional 24 per cent tariff on US goods for one year, keeping a 10 per cent blanket tariff in place, more international headlines remained in focus. On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Kelvin Wong, Senior Analyst, OANDA. See omnystudio.com/listener for privacy information.