Singapore shares moved higher today even as Asia traded mixed.

The Straits Times Index was up 0.42% at 3,912.35 points at 2.46pm Singapore time, with a value turnover of S$716.87M seen in the broader market.

In terms of counters to watch, we have OCBC, after the bank announced yesterday key leadership changes to its global wholesale banking franchise, to take effect on the 1st of October. 

Elsewhere, from Singapore’s real wages rising at a faster rate of 3.2% in 2024, to China planning an overhaul of its commodities market to attract global investors, more local and international headlines remain in focus. 

Also on deck – how a Tencent Holdings subsidiary is snapping up a nearly 10 per cent stake in SM Entertainment valued at about US$180 million, marking a rare Chinese investment into a South Korean company in recent years. 

On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Too Jun Cheong, Dealing Manager from Moomoo Singapore.