Top Stock Market Highlights of the Week: Alphabet, Singapore’s Growth Outlook and India’s GST Overhaul

Fri, 5 Sept 2025, 7:30 pm 4 min read

Welcome to this week’s edition of top stock market highlights.

In a big win for Alphabet, a US district judge ruled that the company will not be required to sell its Google Chrome browser, which provides data to help its advertising business deliver targeted ads.

Last year, Google was ruled to have an illegal monopoly on its core internet search market.

Investors were worried that a judge would force Alphabet to sell its Google Chrome browser, but the latest ruling seems to have avoided the most severe consequences of this antitrust lawsuit.

The decision stated that the plaintiff had overreached in seeking the forced divestment of Chrome.

Previously, it was ruled that Google had violated Section 2 of the Sherman Act and held a monopoly in search and advertising.

In response to this ruling, Alphabet’s shares surged 5% in pre-market trading to hit a new all-time high above US$220.

Alphabet is now allowed to make payments to preload products, but cannot have exclusive contracts that condition payment or licensing.

The company was also told to loosen its hold on search data, with Google having to make available certain search index data and user interaction data.

Both Google and iPhone maker Apple (NASDAQ: AAPL) have a symbiotic relationship.

Google pays Apple billions of dollars a year to be the default search engine for its iPhones, which also enables Google to obtain more search volume and users.

Apple’s shares also climbed close to 4% in pre-market trading at news of this ruling.

Singapore’s GDP growth numbers received a fillip as private-sector economists turned optimistic on the city-state’s economic prospects.

The panel of 20 economists who responded to the Monetary Authority of Singapore’s (MAS) survey of professional forecasters now expect 2025’s GDP to come in at 2.4%.

This growth is much higher than the 1.7% projected during June 2025’s survey, and is also close to the upper end of the official forecast of 1.5% to 2.5% which the Ministry of Trade and Industry upgraded on 12 August.

The improved outlook stemmed from better full-year prospects for sectors such as manufacturing, construction, wholesale, and retail trade.

In addition, these economists also expect monetary policy to ease in October, though just a minority of those surveyed believe this will happen.

The upgrade came after the second quarter of 2025’s (2Q 2025) GDP numbers exceeded expectations.

Economists expected 2Q 2025 GDP to rise by 3% but the eventual figure came in much higher at 4.4%.

Some economists feel that fears of a trade slump in the face of Trump’s tariffs are overstated.