Singapore shares dipped slightly in early trade today following confirmation of a 25 basis point Fed rate hike.

In early trade, the Straits Times Index (STI) lost 0.1 per cent, to 3,257.8 points after 55.3 million securities were traded in the broader market. 

In terms of companies to watch, we have  Frasers Logistics & Commercial Trust, after its manager announced a distribution per unit of S$0.0352 (3.52 Singapore cents) for the first half of FY2023, representing an 8.6 per cent year-on-year decline. 

Meanwhile, the Federal Reserve soured the mood on Wall Street in the previous session by raising rates. Also weighing on investors are fears that US officials may fail to reach a deal on raising the US debt ceiling, triggering a damaging default as early as next month. 

On Market View, the Drive Time team dived into the details with Terence Wong, CEO, Azure Capital.

Singapore shares dipped slightly in early trade today following confirmation of a 25 basis point Fed rate hike.
In early trade, the Straits Times Index (STI) lost 0.1 per cent, to 3,257.8 points after 55.3 million securities were traded in the broader market. 
In terms of companies to watch, we have  Frasers Logistics &amp; Commercial Trust, after its manager announced a distribution per unit of S$0.0352 (3.52 Singapore cents) for the first half of FY2023, representing an 8.6 per cent year-on-year decline. 
Meanwhile, the Federal Reserve soured the mood on Wall Street in the previous session by raising rates. Also weighing on investors are fears that US officials may fail to reach a deal on raising the US debt ceiling, triggering a damaging default as early as next month. 
On Market View, the Drive Time team dived into the details with Terence Wong, CEO, Azure Capital.

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Your Way Home with Hongbin Jeong is your 4–8pm drive companion, guiding you through the day’s biggest headlines, trending conversations and the issues shaping Singapore and the world.

From news and current affairs to lifestyle insights and generational perspectives, the show helps you make sense of what’s happening — with clarity, context and a touch of personality.

Whether you’re catching up after a long day or tuning in on the move, Your Way Home keeps you informed, engaged and connected — all the way home.

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Your Way Home with Hongbin Jeong is your 4&ndash;8pm drive companion, guiding you through the day&rsquo;s biggest headlines, trending conversations and the issues shaping Singapore and the world.
From news and current affairs to lifestyle insights and generational perspectives, the show helps you make sense of what&rsquo;s happening &mdash; with clarity, context and a touch of personality.
Whether you&rsquo;re catching up after a long day or tuning in on the move, Your Way Home keeps you informed, engaged and connected &mdash; all the way home.
And she closes the day with a song that says it all.

Your Way Home with Hongbin Jeong

Market View: US Fed hikes rates by 25bps; Democrats vs Republicans over US debt ceiling; STI close;  Frasers Logistics & Commercial Trust’s DPU down 8.6% yoy; Lian Beng’s privatisation offer