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.

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&amp;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.

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: China’s growth, developer defaults, Yuan weakness; Cordlife Group shares up over 19% over possible transaction; Singapore’s May factory output and 2023 GDP estimates; Asia’s performance following developments in Russia; Elon Musk vs Mark Zuckerberg; SpaceX’s Starlink valued at about US$150b

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