Singapore shares opened on a strong footing today after US equities rallied overnight, with the Dow Jones posting a record high on signals of lower borrowing costs in 2024.

In early trade, the Straits Times Index (STI) rose 0.7 per cent to 3,124.90 points after 73.1 million securities changed hands in the broader market.

In terms of companies to watch, we have Sembcorp Industries, after the group said it was awarded a 300-megawatt solar project from NHPC, an enterprise of India’s government. 

Meanwhile, from the US Federal Reserve signalling three rate cuts in 2024, to news of Country Garden selling a small stake in a Dalian Wanda Unit, more international headlines remain in focus.

On Market View, The Evening Runway’s finance presenter Chua Tian Tian dived into the details with David Chow, Director, Azure Capital.