Market View: Oil prices took a breather after the Iraqi government, Kurdish authorities reached a deal to resume oil exports via Turkey’s Ceyhan port; Nvidia reportedly gets Beijing’s nod for H200 chip sales, adapts Groq chip for China; Fed’s “dot plot” in focus overnight; What’s driving Asian shares higher today?; Ringgit hits strongest level versus Singapore dollar since 2021; Singtel to watch

Singapore shares moved higher today as investors looked ahead to the latest Federal Reserve rate decision due overnight. The Straits Times Index was up 1.18% at 4,993.97 points at 2.06pm Singapore time, with a value turnover of S$1.18B seen in the broader market. In terms of counters to watch for today, we have Singtel, after a second disruption of mobile services in recent days hit some of the telco’s users yesterday. Elsewhere, from how Malaysia’s ringgit rose to the strongest versus the Singapore dollar in five years as higher energy prices supported the net energy exporter, to how Nvidia has reportedly won Beijing’s approval to sell its second-most powerful AI chips to China, more international and corporate headlines remained in focus. On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Jeremy Tan, CEO, Tiger Fund Management. See omnystudio.com/listener for privacy information.