Standard Chartered files HKEX next-day disclosure, reports share buyback cancellation
Standard Chartered expands COO Kapilashrami remit to oversee non-client operations from Oct. 1
Top 5 HK Stock Gainers/Losers (>100B) (8.26)
Standard Chartered to be first bank distributing HKD stablecoin. Tokenized money market fund settlements set for Q4 as HKDAP expands into banking sector.
Standard Chartered files HKEX next-day return disclosing share buyback cancellation at GBP 21.76-22.37
Weekly Recap: HKEX buybacks and $200m three-year digital notes
I expect MAS will tighten its monetary policy tomorrow. This should benefit stocks like the three big banks and consumer staples.
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MAS is more on the side of "fighting inflation," but will do so in a very cautious manner, rather than turning fully hawkish.
In other words, it's less like "completely standing on the sidelines," and more like gently tapping the brakes first, then watching oil prices and the Middle East situation.
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There is no point in trading the energy spike as the events flip-flops constantly. Staying out of this sector and just invest in areas within my circle of competence, like banks, REITs, Etc.
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