Singapore stocks fell at the opening bell today after Wall Street equities ended mixed overnight.

In early trade, the Straits Times Index (STI) dropped 0.4 per cent to 3,217.41 points as 92 million securities changed hands in the broader market. 

In terms of companies to watch today, we have Seatrium. That’s after the group announced a net order book of S$20 billion for the year to date following the confirmation of multiple projects.

Elsewhere, investors continue to keep a lookout on a number of developments out of the US ranging from slowing inflation and a new chief for Elon Musk’s Twitter. 

The US debt ceiling standoff is also in focus, after a report from real estate firm Zillow says mortgage payment on a typical home could be 22 per cent higher if the US defaults.

On Market View, the Drive Time team discussed the latest market moves and views with Benjamin Goh, Head of Research and Investor Education, SIAS.