Market View: US launches strikes against 3 nuclear facilities in Iran, Asian investors mull possible Iranian retaliation; Commercial airlines weigh the suspension of Middle East flights; Tesla’s robotaxi launch; Singapore’s core inflation at 0.6% yoy in M

Money Matters with Hongbin Jeong and Chua Tian Tian

Singapore shares opened lower today as all eyes remained on heightened tensions in the Middle East with the US now involved in the Israel-Iran air war.

The Straits Times Index (STI) was down 0.9 per cent at 3,847.79 points in early trade after around 80 million securities changed hands in the broader market.

In terms of companies to watch, we have OCBC. That’s after the lender said yesterday that it has committed more than RM11 billion (S$3.3 billion) in financing to support businesses in the Johor-Singapore Special Economic Zone (JS-SEZ) since 2024.

Meanwhile, from Singapore’s inflation nudging back down in May, to the long awaited launch of Tesla’s robotaxi service – more economic and corporate headlines remain in focus.

Also on deck – more on Asian market movements today given the situation in the Middle East.
On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Chin Hui Leong, Co-founder, The Smart Investor.

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