All green on Asian markets after Wall Street surge

David Kuo, Founder of The Smart Investor Singapore, shares insights on regional markets performance and discusses on key market concerns such as:

• The implications of a strengthening US dollar in Asia.
• Asian banks results;

i) DBS Group Holdings, the largest, recorded earnings of S$1.8 billion (about RM5.66 billion) versus S$2 billion reported for 1QFY21. Revenue for the same period was down 3% y-o-y at S$3.7 billion.
ii) Oversea-Chinese Banking Corp reported a 10% y-o-y dip in earnings for 1QFY22, on the back of a 9% dip in revenue for the same period, thanks to softer fee income.
iii) United Overseas Bank, meanwhile, reported earnings of S$906 million on lower non-customer-related trading and investment income, with lower general allowance write-back.

• Outlook for Asian markets.

Guest:  David Kuo, Founder of The Smart Investor Singapore

Presenter: Brian Fernandez

For more Asian Midday Marketwatch, check out here.

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