Singapore shares dipped today amid a downbeat day for Asian investors.

The Straits Times Index was down 0.28% at 4,286.26 points at 2.45pm Singapore time, with a value turnover of S$738.68M seen in the broader market.

In terms of companies to watch today, we have Boustead Singapore, after the engineering and technology group said yesterday that it applied to list a real estate investment trust (Reit) on the Singapore Exchange.

Elsewhere, from private economists raising their outlook for Singapore’s full-year growth, to OpenAI agreeing to buy product testing startup Statsig for US$1.1 billion in one of the largest acquisitions for the ChatGPT maker – more economic and corporate headlines remained in focus.
 
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Dan Chang, Investment Specialist and Trading Representative, PhillipCapital.