Market View: Shares of CDL down 7% upon trade resumption; UOI, Haw Par, Japfa among counters to watch; Trump announces five digital assets he expected in new crypto reserve; Baidu reportedly planning

Singapore shares inched higher earlier today as investors continue to mull developments relating to City Developments Limited.  The counter fell 7 per cent to hit its lowest level since 2009 after resuming trade, per Bloomberg data.  As at about 11am (11.07am), the Straits Times Index was up 0.30% at 3,907.51 points, with a value turnover of S$727.90M in the broader market.  In terms of companies to watch, we have Haw Par and United Overseas Insurance. That’s because minority shareholders of UOB’s insurance arm proposed resolutions to distribute its holding of 4.27 million shares in healthcare player Haw Par Corporation to shareholders of UOI, among other requests.  Meanwhile, from more on CDL to how US President Donald Trump expects to include five digital assets, including Bitcoin, in a new US strategic reserve of cryptocurrencies – more corporate and international headlines remain in focus. On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with David Kuo, Co-founder, The Smart Investor.See omnystudio.com/listener for privacy information.