Local stocks snap gaining streak on back of US tariff threats
Cautious mood sends the Straits Times Index down 2.98 points, or 0.1 per cent to 3,090.4, with losers beating gainers 192 to 185
SINGAPORE stocks snapped four days of gains on Tuesday, falling in the face of fresh threats from US president Donald Trump to widen the scope of tariffs on Chinese imports.
The cautious mood sent the Straits Times Index (STI) down 2.98 points, or 0.1 per cent to 3,090.4, with losers beating gainers 192 to 185 on trade of about 1.83 billion shares worth S$1.04 billion.
Most of the other Asian markets showed more resilience. Japan's Topix, propped up by financials and telecoms stocks, rose 0.7 per cent. Australia's benchmark ASX 200 was up one per cent, from a likely boost by oil price gains.
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