Singapore shares edged up this morning, tracking gains in the US and Europe markets.  

In early trade, the Straits Times Index (STI) climbed 0.1 per cent to 3,250.52 points after 53.4 million securities changed hands in the broader market.

The semiconductor industry remains in focus after mainboard-listed UMS recorded a 42.4 per cent year-on-year drop in net profit to S$11.6 million for the second quarter ended June.

Meanwhile, China-focused property stocks and Reits listed in Singapore are also at the front and centre of investors’ minds after the country’s central bank unexpectedly cut rates to support its economy.

On Market View, the Drive Time team unpacked these developments with Toby Gresham, Investment Counselor Team Lead, Citi Private Bank.