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.

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From politics to pop culture, we've got it all. Get ready to immerse yourself in the world of business, lifestyle, culture, travel, and sports.

The Evening Runway with Hongbin Jeong, Roshan Gidwani and Chua Tian Tian

The Evening Runway with Hongbin Jeong, Roshan Gidwani & 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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