Singapore stocks opened stronger today after global markets rallied overnight.

In early trade, the Straits Times Index added 0.6 per cent after 46 million securities changed hands in the broader market. 

In terms of companies to watch, we have Sakae. The mainboard-listed restaurant operator today said its executive chairman Douglas Foo entered into a sale and purchase agreement with Makara Capital to sell a 20 per cent stake in the company for S$26.5 million. 

Meanwhile, from China possibly becoming the luxury industry’s next sore spot to Hong Kong’s talent war and the latest US earnings from the likes of Morgan Stanley, Bank of America and Charles Schwab, more international news continue to make the headlines today.

On Market View, the Drive Time team dived into the details with Thomas Rupf, CIO Asia & Head of Trading Execution, VP Bank Ltd Singapore Branch.