Singapore shares started the day on a softer note despite overnight gains on the global market.

In early trade, the Straits Times Index (STI) headed down 0.1 per cent to 3,159.74 points after 63.7 million securities changed hands in the broader market.

In terms of companies to watch for today, we have UOL Group and Singapore Land Group. 

This comes as the Housing and Development Board announced the award of a mixed-use land parcel in Tampines to a joint venture between a UOL-Singapore Land consortium and CapitaLand Development. 

Elsewhere, from Fast Retailing’s earnings being a bellwether of China’s retail industry to Huawei plotting a return to the 5G smartphone industry and to Japan’s wholesale inflation slowing for the 6th straight month, more international headlines continue to be in focus.

On Market View, the Drive Time team unpacked these developments with Sarah Lien, Senior Product Specialist,  Allianz Global Investors.