Singapore stocks opened weaker today following overnight losses in the US and Europe after technology stocks took a beating.

In early trade, the Straits Times Index (STI) headed down 0.8 per cent to 3,204.07 points, after 83.7 million securities changed hands in the broader market.

Regional and international headlines are in focus today. Among which is the outlook for India’s manufacturing industry, after it ended 2023 on a slightly shaky footing. That’s with factory growth decelerating to an eighteen-month low in December. 

Also on the table , the outlook for the US market and whether we can expect growth outside of the Magnificent Seven stocks.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked these developments with  James Cheo, Chief Investment Officer, Southeast Asia at HSBC Global Private Banking and Wealth.