Singapore stocks opened on a muted note today after global equities ended mixed overnight.

In early trade, the Straits Times index (STI) was down 0.02 per cent at 3,101.8 points after 54.9 million securities changed hands in the broader market.

In terms of companies to watch for today, we have ST Engineering and StarHub. Both parties said separately today that the defence and engineering group will acquire cryptographic technology company D’Crypt from a StarHub unit. 

Elsewhere from more on private sector economists’ forecast for Singapore’s 2024 growth to Japan planning tax breaks for 10 years to boost EV and chip production, and what to expect ahead of the latest US FOMC meeting more economic developments remain in focus.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Toby Gresham, Investment Counselor Team Lead, Citi Private Bank.