Singapore stocks opened stronger today. That’s following overnight gains in global equity markets, as investors await key US inflation data due this week.

In early trade, the Straits Times Index (STI) headed up 0.3 per cent to 3,190.48 points after 49.2 million securities changed hands in the broader market.

In terms of companies to watch, we have Novo Tellus Alpha Acquisition. The special purpose acquisition company (or Spac) said today that it would not conclude a business combination after “careful consideration and thorough evaluation of potential targets”, citing current market conditions. 

Elsewhere, from LVMH and TikTok possibly working together to limit counterfeit products to Google laying off staff working on its digital assistant, more international headlines remain in focus.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with Terence Wong, CEO, Azure Capital.