Singapore shares nudged above the flatline early on as investors continue to mull the state of the global economy.

The Straits Times Index was up a marginal 0.05% at 3,892.44 points at 10.40am Singapore time, with a value turnover of S$398.81M seen in the broader market.

In terms of companies to watch today, we have CapitaLand Ascendas Reit, after the manager said today that it received in-principle approval for the listing and quotation of up to 202.4 million new units of CapitaLand Ascendas Reit on the mainboard of the Singapore Exchange yesterday. 

Elsewhere, from China’s factory activity in May shrinking for the first time in eight months, to gold prices edging up to hit a near four-week high amid a weaker US dollar, more international headlines remain in focus. 

Also on deck – what simmering trade tensions between the US and China mean for investors.
 
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Dan Chang, Investment Specialist and Trading Representative, PhillipCapital.