Market View: Prudential shelves plan for separate wealth management unit in Singapore; Possibility of Grab, GoTo facing new rules in Singapore; European Commission launches investigation on subsidies for Chinese EV makers; Mixed US CPI report - Will PPI numbers change the narrative?

Singapore stocks rose at the open, even as global markets were mixed overnight. In early trade, the Straits Times Index (STI) climbed 0.3 per cent to 3,227.4 points after 30.8 million securities changed hands. In terms of companies to watch, we have Prudential, after the insurer told The Business Times  yesterday that it has shelved plans for a separate wealth management unit in Singapore.  Meanwhile, from Grab and GoTo possibly facing new rules in Singapore to the European Commission launching an investigation on subsidies for Chinese electric vehicle makers, more corporate headlines are in focus. On Market View, the Drive Time’s finance presenter Chua Tian Tian unpacked the developments with David Chow, Director Azure Capital.See omnystudio.com/listener for privacy information.