STI down on tit-for-tat trade threats

SINGAPORE shares, along with its regional peers, reeled on escalating fears of a trade war between the world's two largest economies.

Aanalysts cautioned that it might be too early, and risky, to start buying stocks, given the daily tit-for-tat rhetoric between China and the US.

On Wednesday, China responded to US President Donald Trump's plans to slap tariffs on 1,300-odd Chinese products, worth some US$50 billion annually,

In retaliation, China said it would impose additional tariffs of 25 per cent on 106 items of US imports including soya beans, vehicles, chemicals, some types of aircraft and corn products…