Singapore shares opened on a healthy footing, following overnight gains in the US and Europe.
The Straits Times Index rose 0.6 per cent in early trade to 3,194.3 points, after 77.9 million securities changed hands.
In terms of companies to watch for today, we have automaker NIO, after the company’s CFO said it’s “very confident” of meeting its target of doubling sales to 250,000 electric vehicles this year.
Elsewhere, investors cheered comments from US Treasury Secretary Janet Yellen reiterating support for lenders after the collapse of two regional banks earlier this month, and set their sights on the latest Federal Reserve policy decision due on Wednesday. But how likely is a rate pause?
On Market View, the Drive Time team sat down with Eddy Loh, Chief Investment Officer, Maybank Group Wealth Management for more.
Market View: Seatrium to replace Keppel DC Reit on STI; Digital Core Reit and Chapter 11 filing of Cyxtera; Philippines AirAsia seeking to revive IPO plans; UBS to seal takeover of Credit Suisse as soon as June 12