Market View: Stocks to watch as Singapore F1 Grand Prix roars into town; DBS gains S$26 billion in value, widens lead against OCBC; Elon Musk’s US$1 trillion pay plan faces pushback; Applied Materials warns of sales hit from latest curbs on China; Singapore’s retail sales up 5.2% in August, surpassing expectations; UOL, Singapore Land Group in focus

Singapore shares inched higher today as investors continue to mull the global interest rate outlook. The Straits Times Index was up 0.28% at 4,407.67 points at 2.15pm Singapore time, with a value turnover of S$959.59M seen in the broader market.In terms of counters to watch, we have for you UOL and Singapore Land Group. That’s after the companies announced yesterday the completion of the S$810 million en bloc deal for Thomson View condominium. Elsewhere, from the companies to monitor as the Singapore Grand Prix roars into town, to investors’ pushback on Tesla CEO Elon Musk’s US$1 trillion pay plan – more corporate headlines remained in focus. Also on deck, how DBS Group Holdings’ blistering share rally this year has widened its market value lead over its peer OCBC to a level never seen before. On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Benjamin Goh, Head of Research and Investor Education, SIAS.See omnystudio.com/listener for privacy information.