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SGX: Ready To Trade RMB Securities:
Singapore Exchange announced it is ready to list, quote, trade, clear and settle securities denominated in Chinese Renminbi. The initiative enhances opportunities for issuers and investors keen to participate in the internationalization of the RMB and the robust Chinese economy. SGX's addition of RMB securities trading complements the offshore RMB bonds already listed on the exchange.
S Korea: Shares weighed down by Samsung Elec:
SEOUL - Seoul shares fell on Friday, weighed down by losses in heavyweight Samsung Electronics , while the overall market was subdued ahead of the release of US jobs data later in the day.
Samsung Electronics shares fell two per cent on post-earnings profit-taking after the company estimated second quarter profit at US$5.9 billion, in line with market expectations.
CapitaLand, developers in China rise in shares:
SINGAPORE - Shares of property developers with exposure to China such as CapitaLand Ltd and Yanlord Land Group Ltd rose, bucking the broader market trend, on expectations that China's rate cut could boost their earnings.
By 0343 GMT, CapitaLand shares were up 2.1 per cent at S$2.96, with over 16 million shares changing hands, making it the most actively traded stock by value. The benchmark Straits Times Index was down 0.4 per cent.
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