Market View: UAE exits OPEC and OPEC+; Jerome Powell’s last FOMC meeting as Fed chair; US corporate earnings remain resilient amid Middle East conflict; Tech shares down on WSJ report on OpenAI missing internal targets, possible impact on big techs reporting overnight; CapitaLand Investment, Mapletree Industrial Trust, Aspial Lifestyle to watch

Singapore shares dipped today as Asian markets traded mixed. The Straits Times Index fell 0.37% to 4,869.50 points at 2.00pm Singapore time, with a value turnover of S$1.23B seen in the broader market. In terms of counters to watch, we have Mapletree Industrial Trust, after the Reit posted a distribution per unit of S$0.0309 for its fourth quarter ended Mar 31, 8 per cent down from S$0.0336 in the same period last year.  Elsewhere, from the surprise exit of the United Arab Emirates from OPEC and implications on oil prices, to how tech shares took a hit after the Wall Street Journal reported that AI heavyweight OpenAI had missed internal targets for weekly users and revenue, and what this means for US tech firms set to report overnight, more international and corporate headlines remained in focus.  Also on deck – the likely outcome of the Federal Reserve’s April meeting, the last with Jerome Powell as its chair. On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Jeffrey Yap, Regional Head of Wealth Management, Hong Leong Bank.See omnystudio.com/listener for privacy information.