Market View: Wall Street bounces on Trump’s reversal on Greenland, Asian markets react; South Korea’s KOSPI tops 5,000pts for the first time; JPMorgan Chase’s CEO Jamie Dimon calls Trump’s proposed credit card rate cap an “economic disaster”; Netflix’s US$83B cash deal to buy Warner Bros.; Toku’s IPO on SGX Catalist board; Info-Tech Systems to watch

Singapore shares inched higher today, tracking a positive session seen on Wall Street overnight. The Straits Times Index was up 0.44% at 4,830.89 points at 11.48am Singapore time, with a value turnover of S$853.16M seen in the broader market. In terms of counters to watch, we have Info-Tech Systems, after the software provider said yesterday that it expects to report a “considerable increase” in its consolidated net profit for FY2025, compared with the full-year ended Dec 31, 2024. Elsewhere, from how US President Donald Trump retreated from using threats of force as an option for acquiring Greenland and what that means for markets, to how South Korea’s stock benchmark topped 5,000 points for the first time, more international headlines remained in focus. Also on deck, Toku’s IPO on the Singapore Exchange, and Netflix’s offer to buy Warner Bros. 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.