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.

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: 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

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