Singapore shares moved higher today as investors looked ahead to the latest Federal Reserve rate decision due overnight.

The Straits Times Index was up 1.18% at 4,993.97 points at 2.06pm Singapore time, with a value turnover of S$1.18B seen in the broader market.

In terms of counters to watch for today, we have Singtel, after a second disruption of mobile services in recent days hit some of the telco’s users yesterday.

Elsewhere, from how Malaysia’s ringgit rose to the strongest versus the Singapore dollar in five years as higher energy prices supported the net energy exporter, to how Nvidia has reportedly won Beijing’s approval to sell its second-most powerful AI chips to China, more international and corporate headlines remained in focus.

On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Jeremy Tan, CEO, Tiger Fund Management.