Singapore stocks opened lower today, following the US Federal Reserve’s move to hike interest rates by 0.25 per cent, the ninth increase in a year.

The Straits Times Index fell 0.6 per cent to 3,200.88 points after 74.4 million securities changed hands. 

In terms of companies to watch, we have Sembcorp Industries, after a Bloomberg report suggested that the firm may be considering selling its waste management unit. 

Meanwhile, investors continue to digest the latest quarter point rate increase by the US Federal Reserve overnight, as well as contradictory message

On Market View, the Drive Time team unpacked the key developments of the day with David Chow, Director Azure Capital.

Singapore stocks opened lower today, following the US Federal Reserve’s move to hike interest rates by 0.25 per cent, the ninth increase in a year.
The Straits Times Index fell 0.6 per cent to 3,200.88 points after 74.4 million securities changed hands. 
In terms of companies to watch, we have Sembcorp Industries, after a Bloomberg report suggested that the firm may be considering selling its waste management unit. 
Meanwhile, investors continue to digest the latest quarter point rate increase by the US Federal Reserve overnight, as well as contradictory message
On Market View, the Drive Time team unpacked the key developments of the day with David Chow, Director Azure Capital.

Your Way Home with Hongbin Jeong is your 4–8pm drive companion,

Your Way Home with Hongbin Jeong is your 4–8pm drive companion, guiding you through the day’s biggest headlines, trending conversations and the issues shaping Singapore and the world.

From news and current affairs to lifestyle insights and generational perspectives, the show helps you make sense of what’s happening — with clarity, context and a touch of personality.

Whether you’re catching up after a long day or tuning in on the move, Your Way Home keeps you informed, engaged and connected — all the way home.

And she closes the day with a song that says it all.

Your Way Home with Hongbin Jeong is your 4&ndash;8pm drive companion, guiding you through the day&rsquo;s biggest headlines, trending conversations and the issues shaping Singapore and the world.
From news and current affairs to lifestyle insights and generational perspectives, the show helps you make sense of what&rsquo;s happening &mdash; with clarity, context and a touch of personality.
Whether you&rsquo;re catching up after a long day or tuning in on the move, Your Way Home keeps you informed, engaged and connected &mdash; all the way home.
And she closes the day with a song that says it all.

Your Way Home with Hongbin Jeong

Market View: Fed Chair Jerome Powell raises rates by 25bps; Contradicting messages by Powell and US Treasury Secretary Janet Yellen; UBS to shrink Credit Suisse’s US$10b shipping portfolio; Singapore’s headline inflation at 6.3%; Sembcorp Industries reportedly considering sale of its waste management unit; Boustead Projects to restore free float or be directed to delist