Singapore shares started the week higher today, in contrast with global markets, which closed lower amid concerns that interest rate hikes will continue.

In early trade, the Straits Times Index (STI) was up 0.2 per cent at 3,197.54 points as 42.6 million securities changed hands in the broader market.

In terms of companies to watch for today, we have Cordlife Group. Shares were up over 19% earlier in the day after the company said it was aware of a possible transaction for an offer for its shares.

Meanwhile, from developments in Russia to S&P Global cutting China’s 2023 growth forecast from 5.5% to 5.2%, international developments continue to make the headlines today. And not forgetting more comments from Elon Musk about that cage fight with Meta’s Mark Zuckerberg.

On Market View, the Drive Time team unpacked these developments with David Kuo, Co-founder, The Smart Investor.