Singapore shares inched higher today as most Asian markets traded lower.

The Straits Times Index was up 0.23% at 5,012.95 points at 2.53pm Singapore time, with a value turnover of S$1.10B seen in the broader market.

In terms of counters to watch, we have SIA Engineering Company, after the aircraft maintenance, repair and overhaul provider yesterday reported a net profit of S$41.9 million for the third quarter, up 9.7 per cent from the year-ago period. 

Elsewhere, from how shares of China’s generative artificial intelligence (AI) startups Zhipu and MiniMax Group soared in Hong Kong as the market reopened after the Chinese New Year, to how Indonesia and the US finalised a trade deal to cut US levies from 32% to 19%, more corporate and international headlines remained in focus.

Also on deck, how Nvidia is reportedly close to finalising a US$30 billion investment in OpenAI, as the chipmaker moves to take a stake in one of its largest customers.

On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Benjamin Goh, Head of Research and Investor Education, SIAS.