Singapore stocks opened lower today after US markets ended in the red overnight.



In early trade, the Straits Times Index fell 0.2 per cent to 3,247.88 points, after 82.1 million securities changed hands in the broader market.

In terms of notable developments for the day, trading for the Alibaba five times short daily leveraged certificates (DLCs) listed on the Singapore Exchange (SGX) has been momentarily suspended as the airbag mechanism was triggered.

The move came after Alibaba said that it will split its company into six business groups, each with the ability to raise outside funding and go public. Shares of the tech giant surged some 15 per cent at the opening bell on the Hong Kong exchange.

On Market View, the Drive Time team unpacked the happenings for the day with Jeff Ng, Senior Currency Analyst, MUFG.

They also looked at Vietnam’s Q1 GDP numbers and what that means for the manufacturing hub as well as comments from top US financial officials on the recent turmoil in the banking sector.

Singapore stocks opened lower today after US markets ended in the red overnight.
 
In early trade, the Straits Times Index fell 0.2 per cent to 3,247.88 points, after 82.1 million securities changed hands in the broader market.
In terms of notable developments for the day, trading for the Alibaba five times short daily leveraged certificates (DLCs) listed on the Singapore Exchange (SGX) has been momentarily suspended as the airbag mechanism was triggered.
The move came after Alibaba said that it will split its company into six business groups, each with the ability to raise outside funding and go public. Shares of the tech giant surged some 15 per cent at the opening bell on the Hong Kong exchange.
On Market View, the Drive Time team unpacked the happenings for the day with Jeff Ng, Senior Currency Analyst, MUFG. 
They also looked at Vietnam’s Q1 GDP numbers and what that means for the manufacturing hub as well as comments from top US financial officials on the recent turmoil in the banking sector.

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Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters with Hongbin Jeong and Chua Tian Tian

Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)

Market View: Alibaba to split company into 6 units and impact on China’s tech sector; Vietnam’s Q1 economic growth slowed to 3.32%; US officials signal new rules for banks after banking collapse.