Singapore shares began trading in negative territory today, tracking overnight losses on Wall Street. 

In early trade, the Straits Times Index (STI) was down 0.6 per cent to 3,116.28 points after 72.7 million securities changed hands in the broader market. 

In terms of companies to watch today, we have OCBC, after it reported a 21.4 per cent rise in net profit for the third quarter. That’s supported by record growth in net interest income and higher non-interest income.

Elsewhere from ST Engineering and First Resources. to Meta striking a deal with Tencent to sell VR headsets in China, more corporate headlines remain in focus.

Also on deck today, Jerome Powell’s comments at the International Monetary Fund conference and his resolve to fight stubborning high prices in the US.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Sunny Soh, Lead Technical Analyst (Capital Markets & Investor Education), SIAS.