Markets rally on news of tariff delay
But surge was short-lived in some markets, with South Korea and Singapore closing flat
NEWS of a deadline extension to the US-China tariff truce landed early Monday morning, sparking opening rallies in global markets.
Stock markets in China, Japan and Australia sustained the surge to end the day higher, although the rallies were short-lived in other markets including South Korea and Singapore, which closed flat.
The Straits Times Index (STI) slid through the morning to a low of 3,252.66, then…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Microsoft launches lightweight AI model
Gucci-owner Kering posts 10% drop in Q1 sales on sluggish Chinese demand
Hotel Properties prices 5-year notes at 5.1%
Apple to hold launch event on May 7, with new iPads expected
OUE Reit obtains S$600 million unsecured sustainability-linked loan
US: Wall St opens higher as more earnings roll in