Market View: Remarks by Fed Chair Jerome Powell, New York Fed boss John Williams in focus; Global investors digest more developments on the Middle East conflict; Stocks dive in Asia, Brent crude heads for record monthly rise; Japan steps up yen intervention threats, signals rate-hike chance; DBS, Sembcorp Industries, Jardine C&C to watch

Singapore shares inched higher today amid a bruising day for Asian equities. The Straits Times Index nudged 0.14% higher at 4,905.20 points at 2.31pm Singapore time, with a value turnover of S$1.22B seen in the broader market. In terms of counters to watch, we have DBS, given how the group has entered India’s buoyant equity capital market, marking a push into one of the world’s busiest venues for share sales. Elsewhere, from how Japan stepped up yen intervention threats and signalled that further falls in the currency could justify a near-term interest rate hike, to what to watch ahead of remarks from US Federal Reserve Chair Jerome Powell and the head of New York Fed John Williams, more 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.