Singapore shares opened lower today, tracking losses in global markets following ongoing banking woes worldwide.

The Straits Times Index fell 0.32 per cent in early trade to 3,173.17 points after 46.3 million securities worth S$55.1 million changed hands. 

In terms of companies to watch, we have Yangzijiang Shipbuilding, after a unit of the company that used to hold 43 subsidiaries has been ordered by Singapore’s High Court to wind up. What’s happening there?

Meanwhile, investors continue to mull the state of the global financial sector after news that UBS had agreed to buy rival Credit Suisse in an eleventh-hour merger by Swiss authorities. But to what extent will this prevent a crisis of confidence from spilling over into the broader financial system?

On Market View, the Drive Time team posed these questions to David Kuo, Co-founder, The Smart Investor.

Singapore shares opened lower today, tracking losses in global markets following ongoing banking woes worldwide.
The Straits Times Index fell 0.32 per cent in early trade to 3,173.17 points after 46.3 million securities worth S$55.1 million changed hands. 
In terms of companies to watch, we have Yangzijiang Shipbuilding, after a unit of the company that used to hold 43 subsidiaries has been ordered by Singapore’s High Court to wind up. What’s happening there?
Meanwhile, investors continue to mull the state of the global financial sector after news that UBS had agreed to buy rival Credit Suisse in an eleventh-hour merger by Swiss authorities. But to what extent will this prevent a crisis of confidence from spilling over into the broader financial system?
On Market View, the Drive Time team posed these questions to David Kuo, Co-founder, The Smart Investor.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters is your guide to navigating the day's most important topics, from politics and current affairs to wealth management and trending issues. Every evening, the team delivers insightful discussions on business news, market movements, and the latest in alternative assets. Whether navigating the political landscape, understanding the economy, or uncovering emerging investment opportunities, Money Matters keeps you informed and ahead of the curve. Tune in daily to Hongbin Jeong and Chua Tian Tian from 4 pm to 7 pm on MONEY FM 89.3.

Money Matters with Hongbin Jeong and Chua Tian Tian

Money Matters with Hongbin Jeong and Chua Tian Tian (4pm - 7pm)

Market View: UBS’ US$3.25b takeover of Credit Suisse; Wipeout of Credit Suisse’s AT1 bonds; Yangzijiang Shipping ordered to wind up; Fed’s daily currency swaps for banks in Canada, Britain, Japan, Switzerland and the euro zone; Fed’s interest rate decision

Advertisement