Market View: Oil rises 5% on renewed tensions in the Middle East after US seizes Iranian ship, Asian market reaction; iQIYI goes all-in on AI content in big overhaul; Singapore urges banks to fix security gaps amid concerns over Anthropic’s Mythos AI; S-Reit earnings, reports from 3M, GE Aerospace, Boeing in focus this week; Wilmar International, Koh Brothers Eco Engineering to watch

Singapore shares were little moved today as investors mull renewed geopolitical tensions in the Middle East. The Straits Times Index hovered 0.09% above the flatline at 5,002.22 points at 2.31pm Singapore time, with a value turnover of S$1.09B seen in the broader market. In terms of counters to watch, we have Wilmar International, after the agribusiness company on Friday said it foresees “certain indirect impact” on its operations from the ongoing Middle East conflict, but believes its current structure is sufficient to manage the situation. Meanwhile, from how oil prices jumped more than 5 per cent today, on fears that the ceasefire between the US and Iran could collapse after the US seized an Iranian cargo ship, to how iQIYI expects artificial intelligence to create a big chunk of its films and shows virtually from scratch someday soon, more corporate and international headlines remained in focus. On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with David Kuo, Co-founder, The Smart Investor. See omnystudio.com/listener for privacy information.