Singapore Shares Open Slightly Lower as Investors Eye Global Developments

MT Newswires

07/21

Singapore shares opened marginally lower on Tuesday as investors cautiously eyed developments in the Middle East and earnings from major US tech companies this week.

The Straits Times Index opened higher by 0.05%, or by 2.69 points, at 5,501.64.

Market sentiment remains tempered by geopolitical tension. According to media reports, the US military stated it has initiated a new round of strikes against Iran to prevent attacks on commercial shipping in the Strait of Hormuz.

On the corporate front, US mega-caps Tesla and Alphabet are slated to report earnings this week, providing early insight into the trajectory of the broader earnings season.

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