Market View: CDL close to sealing Hilton Paris Opera Hotel deal; China’s 2024 GDP growth target at ~5%, implications on SGX counters; Haidilao International to launch franchise model; Are investors ri

Singapore shares rose at the opening bell this morning, despite overnight losses in global markets. In early trade, the Straits Times Index (STI) gained 0.2 per cent to 3,127.49 points after 36.2 million securities changed hands in the broader market. In terms of companies to watch, we have City Developments Limited. The property giant is close to sealing a 244 million euro (S$356 million) deal to buy the Hilton Paris Opera hotel from asset management giant Blackstone. Meanwhile from the latest China GDP growth target to investors sentiment on Wall Street ahead of the Federal Reserve Chair Jerome Powell’s testimony and key jobs openings numbers – more international headlines remain in focus. On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Carmen Lee, Head of OCBC Investment Research.See omnystudio.com/listener for privacy information.