Grab, Sea seen as defensive stocks as they are not exposed to direct trade links with US
Analysts are confident they will emerge as winners amid Trump’s tsunami of tariffs
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[SINGAPORE] Singapore-headquartered tech giants Grab and Sea – both listed in the United States – have not been spared amid a wider market sell-off sparked by “reciprocal tariffs” announced by US President Donald Trump on Apr 2.
Since the announcement, Grab has tumbled some 19 per cent to US$3.73 as at Apr 8 and Sea has shed about 21.5 per cent to US$105.57.
But analysts are confident that they will emerge as winners amid Trump’s tsunami of tariffs.
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