Singapore shares edged up at the open today, tracking overnight gains in the US and Europe. 

In early trade, the Straits Times Index (STI) rose 0.1 per cent to 3,313.22 points after 63.1 million securities changed hands in the broader market.

In terms of sectors to watch, Singapore’s banking scene continues to be at the front and centre of investors’ minds as banks registered resilient results for the second quarter of 2023. 

Elsewhere, from the latest trade numbers out of China to ASEAN being a bright spot amid shifts in global supply chains and Moody’s cutting credit ratings of several small to mid-sized US banks – international headlines continue to be in focus.

On Market View, the Drive Time team unpacked these developments with  James Cheo, Chief Investment Officer, Southeast Asia at HSBC Global Private Banking and Wealth.

Singapore shares edged up at the open today, tracking overnight gains in the US and Europe. 
In early trade, the Straits Times Index (STI) rose 0.1 per cent to 3,313.22 points after 63.1 million securities changed hands in the broader market.
In terms of sectors to watch, Singapore’s banking scene continues to be at the front and centre of investors’ minds as banks registered resilient results for the second quarter of 2023. 
Elsewhere, from the latest trade numbers out of China to ASEAN being a bright spot amid shifts in global supply chains and Moody’s cutting credit ratings of several small to mid-sized US banks – international headlines continue to be in focus.
On Market View, the Drive Time team unpacked these developments with  James Cheo, Chief Investment Officer, Southeast Asia at HSBC Global Private Banking and Wealth.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters with Hongbin Jeong and Chua Tian Tian

Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)

Market View: Net interest margin outlook for Singapore banks; S-Reits’ distribution; China’s imports and exports fell much faster than expected in July; China + ASEAN and India exposure; Moody’s cut credit ratings of small to mid-sized banks; puts 6 banking giants on review for potential downgrades

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