Singapore shares inched lower today even as global markets rallied the day before.

In early trade, the Straits Times Index dropped 0.2 per cent to 3,213.10 points after 19.2 million securities changed hands in the broader market.

In terms of companies to watch for today, we have Olam Group. That’s after the group denied allegations made in recent media reports about its Nigerian unit and its subsidiaries being involved in a multibillion-dollar fraud. 

Elsewhere, Alibaba Group’s focus on AI and user experience and the surprise move by former CEO Daniel Zhang to leave the company over the weekend remain in focus. 

Not to mention, Pfizer-BioNTech and Moderna receiving the US FDA’s authorisation for their updated Covid-19 vaccines.

On Market View, Drive Time’s finance presenter Chua Tian Tian unpacked these developments with Matthias Chan, Head of Research at SAC Capital.