Singapore shares opened higher today even though global markets were down over concerns of a slowdown in the China economy and US debt ceiling voting.
The Straits Times Index (STI) was up 0.2 per cent to 3,165.33 points in early trade after 55.4 million securities changed hands in the broader market.
In terms of companies to watch, we have IReit Global, as the Europe-focused REIT acquires portfolio of 17 retail properties located across France.
Global headlines continue to make the news today, from China rolling out the red carpet to the likes of Elon Musk and JP Morgan to the US debt ceiling vote and how Asia’s ultra-rich clans are poised to invest more in China.
On Market View, the Drive Time team dived into the details with Terence Wong, CEO, Azure Capital.
Market View: Creative shares soared over 21% on tie-up with Skyworth; Delivery Hero in talks to sell foodpanda business, Grab tipped in media reports as potential buyer; MAS to raise maximum deposit insurance coverage per depositor to S$100k; Fed, BoE, BoJ interest rate decisions