Singapore shares opened weaker today, led by declines in banking stocks and index counters. That’s after global markets finished muted in the previous session.

In early trade, the Straits Times Index (STI) headed down 0.3 per cent to 3,161.5 points after 24.9 million securities changed hands in the broader market. 

S-Reits are in focus today after Keppel Reit’s manager reported a 5 per cent year-on-year increase in property income to S$172.6 million for its first nine months ended September. 

Elsewhere from China’s economic growth slowing to 4.9 per cent in the third quarter to the impact of the ongoing Israel-Gaza conflict on the King dollar, more international headlines remain in focus. 

On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with Jeff Ng, Head of Asia Macro Strategy, Sumitomo Mitsui Banking Corporation.