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Phillip Capital Morning Note - 4 Jun 2019

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Publish date: Tue, 04 Jun 2019, 09:19 AM
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The International Monetary Fund on Monday warned France that its public debt is "too high for comfort", calling on the nation to tackle the issue by stepping up spending reforms.

Nasdaq plunged Monday as tech giants Alphabet/Google, Facebook and Amazon suffered bruising losses on reports that US antitrust officials are stepping up oversight of Big Tech.

SINGAPORE manufacturers have turned sour on factory activity, with the Purchasing Managers’ Index (PMI) - an early indicator of sentiment - falling into negative territory.

China's factory activity expanded at a steady but modest pace in May, a private survey showed, but analysts say front-loading of exports by firms to the United States to avoid higher tariffs masked underlying weakness in the economy.

STI: Following a dour May, the local benchmark index managed to register modest gains in the first trading session of June but trade worries and global growth concerns continue to hang over investor sentiment.

Hong Kong shares closed flat on Monday as investors grapple with the fallout of the increasingly bitter US-China trade spat.

Clearbridge Health will build a new 1,500 square foot clinic in Causeway Bay, Hong Kong to better cater to both domestic patients and medical tourists, the company announced in a bourse filing on Monday.

Source: SGX Masnet, The Business Times, Bloomberg, Channel NewsAsia, Reuters, PSR

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