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. 

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.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters with Hongbin Jeong and Chua Tian Tian

Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)

Market View: Fitch downgrades US credit rating to AA+; Market expects more stimulus measures for Chinese property and tech sectors; Shares of Country Garden Services jumped 20%; US earnings, S&P 500 companies surprise on the upside; Tupperware, Meme stocks; European defence stocks; US energy stocks

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