Market View: Singtel’s Optus fined; Nio’s narrower loss for Q4 FY2023; DBS CEO Piyush Gupta’s pay cut; Chinese investors’ rush abroad; Saudi Arabia increase prices of main oil grade to Asian buyers; Meta’s Facebook, Instagram disruptions; Pringles demand

Singapore shares climbed at the opening bell this morning, despite overnight losses in global markets. The Straits Times Index (STI) gained 0.3 per cent to 3,116.94 points after 53.4 million securities changed hands in the broader market.  In terms of companies to watch for today, we have  Singtel. The telco’s Australian unit Optus was fined A$1.5 million (S$1.3 million) by the Australian Communications and Media Authority today over large-scale breaches of public safety rules.  Elsewhere from DBS CEO Piyush Gupta’s pay cut to the latest earnings from electric vehicle maker Nio – more local headlines are in focus.  On Market View, The Evening Runway’s finance presenter Chua Tian Tian unpacked the developments with Oriano Lizza, Sales Trader, CMC Markets.See omnystudio.com/listener for privacy information.