Singapore shares opened in the red today, mirroring declines in the broader Asian region.

In early trade, the benchmark Straits Times Index (STI) was down 0.4 per cent, at 3,807.9 points after 54.3 million securities changed hands in the broader market.

In terms of companies to watch today, we have Sembcorp Industries, after the group’s wholly owned subsidiary, Sembcorp Fuels, signed a 10-year sale-and-purchase agreement with oil major Chevron Corp for approximately 0.6 million tonnes of liquefied natural gas each year. 

Elsewhere, from more on how Wall Street banks are predicting the biggest China rate cuts in a decade, to how Intel has named two chip veterans to its board amid its search for a new CEO – more international and corporate headlines remain in focus. 

Also on deck – how Elon Musk’s xAI raised US$6 billion in new capital based on new regulatory filings.

On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Too Jun Cheong, Assistant Dealing Manager from Moomoo Singapore.