STI down on tit-for-tat trade threats
Analysts say it is too soon to bargain hunt but doubt a US-China trade war will materialise as there is scope for talks
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…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Asia: Markets rise as traders consider US rate outlook
China reiterates need for steady yuan amid fragile confidence
Singapore shares climb at Thursday’s open; STI up 0.3%
Stocks to watch: CDL, DFI Retail Group, Cordlife, First Resources
US: Wall Street slips as dour earnings, chip stocks weigh
Europe: Adidas, LVMH steer shares higher on earnings relief