Singapore stocks fell today as investors continue to monitor the escalating conflict in the Middle East between Iran and Israel. 

The Straits Times Index dropped 0.33% at 3,898.54 points at about 11.32am Singapore time, with a value turnover of S$414.04M seen in the broader market. 

In terms of counters to watch, we have Suntec Real Estate Investment Trust, ESR Reit,  Sabana Industrial Reit; Acrophyte Hospitality Trust. 

That is because ESR Group, which is the sponsor of Suntec Reit, ESR Reit, Sabana Industrial Reit and Acrophyte Hospitality Trust, is expected to delist from the Hong Kong Stock Exchange on the 3rd of July as its shareholders on Friday approved a scheme resolution to privatise it. 

Elsewhere, from shares of SGX-listed oil and gas counters surging amid a rally in oil prices, to market expectations ahead of a slew of central bank decisions out this week – more corporate and international headlines remain in focus.

On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Kelvin Wong, Senior Analyst, OANDA.