Singapore stocks began trading in the negative territory today, although global equities largely rose overnight.

In early trade, the Straits Times Index (STI) fell 0.5 per cent to 3,576.13 points after 46.4 million securities changed hands in the broader market.

In terms of companies to watch, we have Sembcorp. That’s after Sembcorp said yesterday that Sembcorp Utilities agreed to acquire a 30 per cent interest in energy supplier Senoko Energy for an undisclosed sum. 

Elsewhere, from a pivot in Salesforce’s artificial intelligence strategy to Meta reportedly facing hefty EU antitrust fines over alleged efforts to dominate the classified advertising market – more international and corporate headlines remain in focus. 

Also on deck – on last look at market expectations before the US Fed announces its September rate decision, plus Chanel buying a building in a high-profile shopping destination in Paris.

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