Market View: Implications of global tech outage on markets, US President Joe Biden drops out of presidential race, US Earnings preview and more

Singapore stocks started the day muted, after a choppy week in US and Europe markets ended with a global IT outage disrupting businesses worldwide.

In early trade, the Straits Times Index (STI) headed down 0.02 per cent to 3,446.79 points after 75.8 million securities changed hands in the broader market.

In terms of companies to watch, we have CapitaLand India Trust, after the trust today said it has completed its acquisition of an office building in Navi Mumbai, India, for about 6.8 billion rupees (S$110 million). 

Elsewhere, from the implications of the CrowdStrike-linked global tech outage to US President Joe Biden stepping down from the US presidential race – more international headlines remain in focus. 

On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with David Kuo, Co-founder, The Smart Investor.

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