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Market View: Singapore’s NODX falls for 11th straight month; KKR to acquire 20% stake in SingTel; CapitaLand Investment buys property in Anseong, South Korea; SIA and Scoot flies fewer passengers in August

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Singapore shares opened flat today after weaker export data clashed with news of a mixed performance on global stock markets.

Data from Enterprise Singapore showed non-oil domestic exports slid 20.1 per cent in August, marking the 11th straight month of contraction.

In terms of companies to watch for today, we have Singtel, after a fund managed by global investment firm KKR is committing up to S$1.1 billion for a 20 per cent stake in Singtel’s regional data centre business. 

Meanwhile from more on CapitaLand Investment to a deep dive into Singapore Airlines’ operating statistics for August, more corporate headlines remain in focus.

On Market View,  The Evening Runway’s finance presenter Chua Tian Tian unpacked these developments with David Kuo, Co-founder, The Smart Investor.

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