Market View: Netflix’s US$2.5b investment in South Korea; Deepening selloff in Chinese equities; Developments from CapitaLand China Trust and Dasin Retail Trust; South Korea’s better-than-expected economic growth in Q1

Singapore shares fell this morning after global markets closed mixed or flat overnight. In early trade, the Straits Times Index (STI) fell 0.1 per cent to 3,322.83 points after 41.1 million securities changed hands in the broader market.  Some notable names seeing new developments include CapitaLand China Trust, after the trust posted a 1.6 per cent dip in net property income to 339.1 million yuan (S$65.5 million) for the first quarter of FY2023.  Meanwhile, a busy day for Asia which saw a deepening selloff in Chinese equities, and Netflix announcing plans to invest up to US$2.5 billion in South Korea over four years to produce Korean TV series, double the firm has invested in the market since 2016. On Market View, the Drive Time team unpacked these developments with Robert St Clair, Managing Director and Strategist, Fullerton Fund Management.See omnystudio.com/listener for privacy information.