Singapore shares opened stronger today after global markets finished mixed overnight.

In early trade, the Straits Times Index (STI) rose 0.7 per cent to 3,328.99 points after 76.3 million securities changed hands in the broader market.

In terms of companies to watch, we have UOB. The bank’s net profit for the second quarter rose 27 per cent to S$1.4 billion on higher net interest income, and trading and investment income.

Meanwhile, from a quick look at the latest distribution numbers from S-Reits including Mapletree Industrial Trust and CapitaLand China Trust, to the US Federal Reserve’s decision to take interest rates to the highest level since 2001, more corporate and international headlines are in focus.

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