Singapore stocks opened weaker today, joining global bourses in the red.

That’s as July data showed weakness in the manufacturing sector across China, the US and the eurozone.

In early trade, the Straits Times Index (STI) headed down 0.6 per cent to 3,353.92 points after 65.1 million securities changed hands in the broader market.

Meanwhile, international headlines are in focus today with all eyes on markets in Greater China over expectations of more stimulus for the beleaguered property sector. 

Also on the table today – what the recent downgrade of US sovereign debt means for investors and how they should be positioning their portfolios asset-wise. 

On Market View, the Drive Time team unpacked these developments with Ken Shih, Head of Wealth Management, Greater China, SAXO Markets.