Singapore shares rose at the opening bell this morning, following overnight gains in global markets. 

In early trade, the Straits Times Index (STI) gained 0.3 per cent to 3,146.08 points after 41.2 million securities changed hands in the broader market.

In terms of companies to watch, James, we have Straco Corp. The tourism facilities operator said in its profit guidance that it expects to report a substantial net profit for FY2023, swinging into the black from the net loss reported in FY2022.

Meanwhile, economic developments are in focus, ranging from expectations on US core inflation in January to Q4 GDP growth rate expectations out of Japan and Singapore.

Also on deck today – the appetite for IPOs in India as well as Nvidia’s shares overtaking Amazon briefly in the previous session.

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.