Easter, trade war keep investors on edge
Trading in Singapore market is thin, with no clear direction; SGX ends 3 cents lower at S$7.34 following JPX stake sale news
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WITH investors in Australia and Hong Kong as well as some parts of Europe still on their Easter breaks on Monday, trading in the Singapore stock market was rather thin and lacked clear direction.
Sentiment remained wary, as the world's two largest economies remained locked in trade threats. In response to US President Donald Trump's tariffs on imports of steel and aluminium from China and some other countries, China said tariffs on about US$3 billion worth of US imports were going into effect Monday, hitting 128 US products ranging from pork to steel pipes.
Top US and Chinese officials have been holding talks in an effort to stop the trade tensions from spiraling out of control. But so far, neither side has budged.
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