Market View: Taiwan’s strongest earthquake in 25 yrs and impact on TSMC, UMC; Tesla Q1 deliveries tumbled, but take back top EV seller spot from BYD; Fed’s Loretta Mester, Mary Daly on rate cuts; Sing

Singapore stocks opened weaker today following overnight losses on Wall Street, as Tesla and healthcare stocks weighed on the indexes. In early trade, the Straits Times Index (STI) headed down 0.7 per cent to 3,224.2 points after 61.3 million securities changed hands in the broader market. In terms of companies to watch, we have Dyna-Mac, after the offshore oil and gas contractor today said it secured several contracts that bring its total net order book to a record S$896 million, with project deliveries stretching until 2026.  Elsewhere from TSMC halting some chipmaking machinery amid the biggest earthquake to hit Taiwan in 25 years to US Federal Reserve officials’ comments on interest rates, more corporate and international headlines remain in focus. On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Poh, Head of Investment and ESG Strategies, South Asia, Amundi.See omnystudio.com/listener for privacy information.