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Phillip Capital Morning Note - 2 Sept 2019

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Publish date: Mon, 02 Sep 2019, 03:53 PM
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US President Trump rattled Wall Street when he demanded U.S. firms move production out of China. But many have already taken steps to do so, and, in earnings calls just over the past month, dozens of chief executives have signaled plans to further diversify their supply chains amid the intensifying trade war.

US President Donald Trump said trade talks with Beijing are still planned for September after a new round of tariffs went into effect on Sunday.

Hong Kong protesters caused major disruptions to the city's international airport Sunday, massing outside the building in attempt to paralyse transport to and from the facility, with the rail operator shutting some subway stations on Monday after they were damaged.

KEPPEL Land China is buying another completed commercial property in Beijing’s Haidan district through its acquisition of Beijing Shunxiangren Enterprise Management Co for around 178.6 million yuan (S$35.1 million).

Developer Bukit Sembawang Estates has sold 71 of the 78 homes of its Luxus Hills (Signature Collection)

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

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