Singapore shares slid today after no agreement was reached between the US and Iran in peace talks held over the weekend.

The Straits Times Index was down 0.21% at 4,978.89 points at 2.45pm Singapore time, with a value turnover of S$855.70M seen in the broader market.

In terms of counters to watch, we have Katrina Group, after the Catalist-listed company on Friday said independent auditors from EY raised uncertainties in the company’s ability to continue as a going concern.

Elsewhere, from how the US would impose a blockade in the Strait of Hormuz and what this would mean for investors, to how Singapore’s central bank is poised to tighten policy tomorrow as the Iran war drives up import costs and threatens to push inflation beyond current projections, more international and economic headlines remained in focus.

On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with David Kuo, Co-founder, The Smart Investor.