Buying the dip, nervous selling drive trading volumes up in Singapore amid tariff volatility
Investors sell tech stocks, flock to blue chips and broad-based gold ETFs
[SINGAPORE] Brokerages recorded a surge in trading activity amid heightened market volatility after US President Donald Trump announced sweeping tariffs on Apr 2.
Trading volume for Tiger Brokers’ Singapore platform shot up 124 per cent from Apr 1 to Apr 4, as trading value jumped 313 per cent, said James Ooi, market strategist at Tiger Brokers.
Its trading orders on Apr 4 also more than doubled when compared to the daily average in the last week of March, as investors appear to be “actively repositioning amid rising geopolitical and macroeconomic uncertainty”, he said.
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