The Business Times
business-time-50
SUBSCRIBERS

Blue-chip listcos scoop up more shares; Singapore market faces volatility on Trump tariff uncertainty

Summarise
google-preferred-sourceAdd BT as a preferred source
Crystal Heng
Therese Soh

Crystal Heng &

Therese Soh

Published Tue, Apr 8, 2025 · 10:22 AM — Updated Mon, Apr 14, 2025 · 01:00 PM
    • Among blue chips which bought back shares in the market rout were the Singapore banks, which were hard hit in Monday’s sell-off.
    • Among blue chips which bought back shares in the market rout were the Singapore banks, which were hard hit in Monday’s sell-off. PHOTO: YEN MENG JIIN, BT

    DeeperDive is a beta AI feature. Refer to full articles for the facts.

    [SINGAPORE] Constituent companies on the Straits Times Index (STI) lost no time in picking up their own shares after the benchmark index tanked on US President Donald Trump’s tariffs.

    The baseline 10 per cent tariffs, which kicked in on Apr 5, caused major markets in the West and the region to collapse when trading started last Monday (Apr 7).

    Initially, most of the STI’s 30 constituents dived. Singtel recovered slightly on Wednesday morning, while local bourse operator Singapore Exchange made a steady comeback with successive gains after falling at Monday’s open.

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    Share buybacksTrump tariffs

    Copyright SPH Media. All rights reserved.

    Reuse this contentFeedback

    TRENDING NOW

    Air India has been one of the foreign carriers most affected by the outbreak of hostilities in the Middle East.

    Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss

    Chinese Foreign Minister Wang Yi stopped short of explicitly naming the US or Israel as aggressors, a telling omission from a country that otherwise speaks with little diplomatic timidity.

    Beijing’s calculated silence on the Iran war 

    US President Donald Trump (left) with Chinese President Xi Jinping at a bilateral meeting on the sidelines of the Apec summit in Busan last October.

    China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result

    Eu Yan Sang group chairman Richard Eu has been with the company since 1989 and has seen plenty of change over the years, such as how employees view their jobs.

    Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More