Market View: US-China talks reportedly stuck at lower levels; Wall Street sell-off amid recession worries, NASDAQ down 4% overnight; STI down 2% with trio of local banks lower; Implications of issues

Singapore shares tumbled in early trade this morning, joining Asia-wide declines as US markets dropped deep into negative territory on fears over tariffs and recession risks. The Straits Times Index (STI) fell 1.5 per cent to 3,839.812 points early on after 71.1 million securities changed hands in the broader market.  In terms of companies to watch, we have the Singapore Exchange given its plans to list Bitcoin perpetual futures as traditional exchanges push deeper into crypto derivative markets.  Elsewhere, from a sell off in local bank stocks, to how talks between the US and China are reportedly stuck at lower levels – more corporate and international headlines remain in focus. On Market View, Money Matters’ finance presenter Chua Tian Tian unpacked the developments with Thilan Wickramasinghe, Head of Equity Research, Maybank Securities.See omnystudio.com/listener for privacy information.