Market View: Singapore Stock Market Wrap; Impact of Singapore key exports contraction on STI; MAS on trio of local banks’ exposure to Credit Suisse; Thai Beverage on plans to list or sell spirits business; SIAS on Boustead Singapore’s bid to acquire Boustead Projects; Major US banks to inject US$30b into First Republic Bank; Indian startups’ exposure to SVB

Your Way Home with Hongbin Jeong · Mar 17, 2023 · 14m

Singapore stocks opened higher today, tracking solid gains in global markets following several major developments in the banking sector worldwide. Back home, data from Enterprise Singapore also showed key exports contracted for the fifth straight month in February, albeit at a slower pace than the month before, as the decline in non-electronic shipments eased. The Straits Times Index rose 0.5 per cent to 3,170.38 points in early trade after 148.9 million securities changed hands. The banking sector in Singapore continues to be in focus today after the Monetary Authority of Singapore said…