Singapore shares fell at the opening bell today, following overnight losses in global markets. That’s as US consumer inflation slowed less than expected.

In early trade, the Straits Times Index (STI) fell 1.2 per cent to 3,103.34 points after 71.9 million securities changed hands in the broader market.

In terms of companies to watch for today, we have CapitaLand Investment, after the real estate investment manager has set up a new lodging private fund with a target equity size of US$600 million. 

Elsewhere from Rex International being the hot stock of the day, to Rakuten Bank’s shares surging almost 13% – more corporate headlines are in focus. 

Also on the table today, chip maker Globalfoundries’ Q1 forecast, and news of Walmart reportedly in talks to buy smart television manufacturer Vizio for over US$2 billion. 

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.