Market View: US government shuts down; Asian factories struggle as soft China, US demand takes toll; Japan’s top trade negotiator says Trump’s US$550 billion demand won’t weaken yen; Pfizer’s drug price cuts and Trump’s tariff reprieve; Coliwoo, Leong Guan lodge preliminary documents for SGX listings; Singapore overtakes London in ranking of world’s busiest IPO destination

Singapore shares inched higher today as Asian markets traded mixed. The Straits Times Index went up by 0.6% to 4,325.96 points at 2.25pm Singapore time, with a value turnover of S$935.51M seen in the broader market. In terms of companies to watch today, we have LHN, after the property management group said its co-living business Coliwoo has lodged a preliminary prospectus for a Singapore Exchange mainboard listing. Elsewhere, from how global markets are reacting to a US government shutdown that began today, to how private surveys showed factory activity shrank in most of Asia’s major economies in September, more international headlines remained in focus. On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Dan Chang, Investment Specialist and Trading Representative, PhillipCapital. See omnystudio.com/listener for privacy information.