Singapore shares traded higher this morning, following news that the city-state’s key exports in September contracted by a narrower 13.2 per cent year on year. That’s compared with the 22.5 per cent slump in the previous month. 

In early trade, the Straits Times Index (STI) rose 0.7 per cent to 3,185.63 points after 71.1 million securities changed hands in the broader market. 

In terms of companies to watch for today, we have Singapore Airlines, after the national carrier posted a 24.8 per cent year-on-year increase in passenger traffic in September 2023, as demand for air travel remained robust. 

Elsewhere from Rolls-Royce set to cut 2,500 jobs to TSMC’s third quarter profit expected to slide 30 per cent, more international headlines remain in focus.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Oriano Lizza, Sales Trader, CMC Markets.