Singapore stocks opened lower today with banks opening in the red following the US Federal Reserve’s latest move to hike interest rates.

In terms of companies to watch today, we have inflight caterer and ground handler Sats, after it announced that shareholders making up 90.4 per cent of the group’s shares have made valid applications for new shares it will be issuing.

Meanwhile, from Tiktok CEO Shou Zi Chew’s testimony in front of the US Congress to JP Morgan, Citi and the Bank of America telling staff not to poach clients from stressed banks, international news continue to dominate the headlines today. 

On Market View, the Drive Time team unpacked the these developments with Benjamin Goh, Head of Research and Investor Education, SIAS.