Market View: Trump fires US Fed governor Lisa Cook, threatens 200% levies on China if Beijing curbs exports of rare earth magnets; Top Chinese trade negotiator to travel to Washington; Perplexity AI to share search revenue with publishers; Thomson Medical Group, Frasers Property to watch

Singapore shares fell today as investors continue to mull developments out of the US. The Straits Times Index was down 0.32% at 4,242.97 points at 2.38pm Singapore time, with a value turnover of S$832.01M seen in the broader market. In terms of counters to watch, we have Thomson Medical Group, after the healthcare provider yesterday announced its Johor Bay “mega project” in Malaysia. That is with a projected gross development value of over RM18 billion (S$5.5 billion). Meanwhile, headlines relating to the US continue to dominate the mind space of investors – including US President Donald Trump’s announcements on the firing of Federal Reserve governor Lisa Cook, and the possibility of additional tariffs on the US’ trading partners. 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.