Singapore shares opened slightly weaker today, with banks opening in the red on contagion fears after the US regulators shut Silicon Valley Bank to protect customer deposits.

On the local bourse, the Straits Times Index headed down 0.2 per cent to 3,171.41 points in early trade after 101.5 million securities changed hands.

Meanwhile, state regulators in the US had on Sunday shuttered a second bank - the New York based- Signature bank on Sunday. 

That bank had total assets of about US$110.36 billion and total deposits of roughly US$88.59 billion as at Dec 31.

The big question here is to what extent is this a reflection of the performance of the tech sector in the US? Also - to what extent will this affect the financial and technology sectors here in Singapore.?

On Market View, the Drive Time team posed these questions to David Kuo, Co-founder, The Smart Investor.