Market View: Trump-Xi meeting in South Korea concludes; Fed cuts rates by 25bps, BoJ holds rates; Nvidia hits US$5 trillion valuation; Meta, Microsoft’s capital spending, Alphabet beat revenue expectations; US-South Korea trade deal, Samsung reports 32% rise in Q3 operating profit; OpenAI reportedly laying groundwork for juggernaut IPO at up to US$1 trillion valuation; Mapletree Industrial Trust to watch

Singapore shares dipped today as investors focused on a high profile meeting between US President Donald Trump and Chinese leader Xi Jinping in South Korea. The Straits Times Index was down 0.21% at 4,430.67 points at 11.46am Singapore time, with a value turnover of S$717.13M seen in the broader market. In terms of counters to watch, we have Mapletree Industrial Trust, after the Reit reported a distribution per unit (DPU) of S$0.0318 for the second fiscal quarter ended Sep 30, 2025. Elsewhere, from the Federal Reserve cutting interest rates by a quarter of a percentage point as expected, to US big tech earnings from Meta, Microsoft and Alphabet, more international and corporate headlines remained in focus. Also on deck – the Bank of Japan’s rate decision, the meeting between US President Donald Trump and Chinese leader Xi Jinping and Nvidia’s US$5 trillion market valuation. Plus, how OpenAI is reportedly laying the groundwork for an initial public offering that could value the firm at up to US$1 trillion. 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.