Singapore shares opened higher today after the deal to avert a US debt default was concluded, pushing equities in the global markets higher.  

The Straits Times Index (STI) was up 1.5 per cent to 3,214.06 points in early trade  after 133.3 million securities changed hands in the broader market. 

In terms of companies to watch, we have Seatrium and Keppel DC Reit. That’s with Seatrium set to replace Keppel DC Reit on the benchmark Straits Times Index from June 19, following the latest quarterly review of the STI by FTSE Russell.

Also in focus today – Digital Core Reit, after its manager warned that distribution per unit could be halved after its second-largest tenant filed for bankruptcy protection. 

On Market View, the Drive Time team dived into the developments. They also looked at corporate headlines ranging from Philippines AirAsia seeking to revive IPO plans to UBS expecting to close its takeover of Credit Suisse as early as June 12.