Market View: Pop Mart shares rise to record as CEO announces new mini Labubu; Global tech rout – Nvidia, Palantir, Oracle; Grab system glitch pushes Singapore fares to US$1,000; Xiaomi intends to sell first EV in Europe by 2027; CapitaLand Investment, Lum

2025-08-20

Singapore shares rose to buck regional movements today. The Straits Times Index was up 0.26% at 4,227.31 points at 2.23pm Singapore time, with a value turnover of S$825.56M seen in the broader market. In terms of counters to watch, we have CapitaLand Investment. That’s as the global real asset manager said yesterday that it will provide retail advisory services to Malaysian property developer Astaka for a new mixed-use project in Johor worth RM1.2 billion (S$364.5 million) in gross development v...

Singapore shares rose to buck regional movements today.

The Straits Times Index was up 0.26% at 4,227.31 points at 2.23pm Singapore time, with a value turnover of S$825.56M seen in the broader market.

In terms of counters to watch, we have CapitaLand Investment. That’s as the global real asset manager said yesterday that it will provide retail advisory services to Malaysian property developer Astaka for a new mixed-use project in Johor worth RM1.2 billion (S$364.5 million) in gross development value.

Elsewhere, from how prices on Grab briefly jumped about a hundred times from the usual rates briefly today, to how shares of Pop Mart International Group rose to a new record on the back of news of a mini Labubu – more corporate and international headlines remain in focus.

On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Too Jun Cheong, Dealing Manager from Moomoo Singapore.

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