Singapore stocks opened slightly up today, following the announcement of US President Donald Trump’s global tariff rates. 

Singapore is likely to remain at the 10 per cent baseline rate, which Prime Minister Lawrence Wong said earlier was “not ideal”, but something the country can “live with”.

The Straits Times Index had a modest gain of 0.2 per cent shortly after the market opened to reach 4,182.29 points. 

In terms of counters to watch, we have OCBC. The local bank’s net profit for Q2 FY2025 fell 7 per cent with the fall in interest rates, coming in at S$1.82 billion for the three months ended Jun 30,from S$1.94 billion a year earlier. 

Elsewhere, from how investors are reacting to new US tariff rates for imports from India, Taiwan, Thailand and South Korea, to Apple forecasting revenue well above Wall Street’s estimates overnight, more international and corporate headlines remain in focus.

On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Benjamin Goh, Head of Research and Investor Education, SIAS.