Singapore stocks were pulled into negative territory today, tracking a Wall Street retreat after US inflation data topped estimates, dashing hopes for near-term rate cuts by the US Federal Reserve.

In early trade, the Straits Times Index (STI) headed down 0.9 per cent to 3,209.41 points, after 92.8 million securities changed hands in the broader market.

In terms of companies to watch, we have City Developments Ltd. That’s as the property developer’s subsidiary Cityview Place Holdings said it will be selling 58 units of The Residences at W Singapore Sentosa Cove this month. 

Elsewhere, from the impact of a hotter-than-expected US March inflation report on Asian markets, to Adobe purchasing videos to build its artificial intelligence text-to-video generator, more international and corporate headlines are in focus.

Also on deck – China’s March inflation numbers. 

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