Market View: Federal Reserve keeps rates steady; Wall Street AI heavyweights add combined half a trillion dollars in stock market value after strong earnings from Meta and Microsoft; OpenAI reportedly hits US$12B in annualised revenue; US trade deal with

Singapore shares moved lower today to track regional movements.

The Straits Times Index was down 0.64% at 4,192.32 points at 11.41am Singapore time, with a value turnover of S$782.65M seen in the broader market.

In terms of companies to watch, we have Keppel, after the asset manager saw net profit rise 24.2 per cent to S$377.7 million for the first half ended Jun 30, driven by growth in its real estate segment.

Elsewhere, from how Wall Street's AI heavyweights added a combined half a trillion dollars in stock market value after quarterly reports from Microsoft and Meta Platforms, to investors’ reactions on a US trade deal between the US and South Korea – more international headlines remain in focus.

Also on deck – how Federal Reserve officials held rates steady overnight and how Southeast Asia’s ridehailing giant Grab reported Q2 2025 earnings of US$35 million, reversing a loss seen in the same period a year ago.

On Market View, Money Matters’ finance presenter Chua Tian Tian dived into the details with David Chow, Director, Azure Capital.

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