Singapore Exchange Limited

And at this hour, we'll discuss how a stress test by the Monetary Authority of Singapore, or the MAS, showed that around 32% of Singapore-listed companies will be at risk under a severe downturn in AI-related investment and loss of revenue along the AI supply chain.

And that's before turning our attention to SGX-listed Maple Tree Logistics Trust.

While starting with local news, a stress test by the Monetary Authority of Singapore has shown that around 32% of Singapore-listed companies will be at risk under a severe downturn in AI-related investment and loss of revenue along the AI supply chain.

These companies would account for about 16% of overall corporate debt, with the increase in at-risk firms concentrated among highly leveraged, capital-intensive firms and those reliant on working capital financing.

But it noted that the possible reassessment of AI-related asset valuations is a key risk factor, which could prompt a retrenchment in related investments weighing on the revenues and earnings of exposed firms.

This comes as MAS expects global financial resilience to be threatened by persistently higher costs of capital as a result of AI investment, fiscal risks and recurrent supply shocks.

Back home in Singapore, investors continue to mount news out of SGX-listed Maple Tree Logistics Trust because its manager said Maple Tree Northwest Logistics Park Phase 1 and 2 in Shanghai, China will be sold for 323 million yuan or around US$48.2 million to an unrelated third party.

The proposed divestment is expected to be completed by Q3 FY2027-2028.

Good afternoon, and you're tuning in to The Business Report with me, Chua Tien Tien, as we take you through the moves and views that matter to you in the world of business and finance as you navigate the second half of your workday.

At this hour, we'll give you a lowdown of how markets moved earlier in the Asian trading day before turning our attention to SGX-listed counters, Maple Tree Logistics Trust and CETRIM.

While starting with regional movements, Asian stocks rose in early trade as the region's heavyweight tech shares tracked US peers higher on optimism around Meta Platform's new AI agent.

MSCI's gauge of Asian shares climbed 0.5%, with memory chip makers Samsung Electronics and SK Hynix the top contributors to gains.

Good afternoon and you're tuning in to The Business Report with me, Chua Tien Tien, as we take you through the moves and views that matter to you in the world of business and finance as you navigate the second half of your workday.

At this hour, we'll give you a lowdown of how markets moved earlier in the Asian trading day, before turning our attention to SGX-listed counters MapleTree Logistics Trust and Citrim.

While starting with regional movements, Asian stocks rose in early trade as the region's heavyweight tech shares tracked US peers higher on optimism around Meta Platform's new AI agent.

MSCI's gauge of Asian shares climbed 0.5%, with memory chip makers Samsung Electronics and SK Hynix the top contributors to gains.

A Singapore headquartered food producer clarified that its Russian operations are continuing normally and remain unaffected.

The statement was issued in response to a Singapore exchange query following recent actions by Russian authorities against companies representing countries that purportedly backed Ukraine.

Food Empire has operated in Russia for over 30 years and has manufactured locally there since 2006.

Prior to the clarification, shares of the company fell 10% on Monday to close around $1.89. It's currently back up around 1% at $1.91. And checking in on regulatory developments, Catalyst listed incredible holdings, announced that its independent director, Eunice Viong Koh Pei Lee, is assisting the Commercial Affairs Department and the Maritime Authority of Singapore with an investigation.

That is admittedly an overseas board of trade.

The Singapore exchange had been cleared by CFTC for US institutional access for their Bitcoin and Ether perpetuals.

In technology, SEBI has stepped up an AI tech, OSH chairman Tuhin Kantapande flagging the risks and saying accountability cannot be outsourced, while an IT system glitch hit major brokerages in Korea just ahead of the KRX's after-art markets launch.

In career paths, Ashish Chauhan, who's riding the wave of the NSEIPO right now, he's denied the buzz on the street that he might be taking up the job of chairman of Tata.

Singapore already has at least 2,200 tons of privately operated gold storage capacity, and the Monetary Authority of Singapore plans to make its own vaulting facilities available to sovereign entities and foreign central banks.

Singapore is also preparing to launch an over-the-counter gold clearing system through the Singapore Exchange, designed to handle both the 400-ounce bars common in Western markets and the 1-kilogram bars favored in Asia.

Hong Kong is making similar moves.

It has revamped its gold futures market, launched a clearing and settlement system, and plans to expand vaulting capacity to 2,000 tons over the next three years.