Market View: Stocks deep in the red after nonfarm payrolls miss and amid woes of US recession; Q2 Earnings from Berkshire Hathaway; Earning lookahead for Walt Disney, Sony, SoftBank, Novo Nordisk; Frasers Property, SGX and more

Money Matters with Hongbin Jeong and Chua Tian Tian

Singapore equities began trading in negative territory today, after Wall Street stocks tumbled last Friday following the release of poor jobs data in the US.

In early trade, the Straits Times Index (STI) edged down 2.5 per cent to 3,295.88 points after about 56 million securities changed hands in the broader market.

In terms of companies to watch, we have NetLink NBN Trust, after the fibre-optic owner posted a 9.1 per cent year-on-year decline in its profit after tax to S$25.7 million for the first quarter ended June.

Elsewhere, from more on the US nonfarm payrolls numbers and bond traders piling on bets that the Federal Reserve would launch into rescue mode – more international headlines are in focus.

Also on deck – more on Singapore’s retail sales numbers, as well as a lookahead to earnings from big names such as Novo Nordisk, DBS and SGX.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with David Kuo, Co-founder, The Smart Investor.

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