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Singapore market shrugs off US trade threats

STI closes 2.05 points higher at 3,327.65, with 21 of its 30 blue chips ending the day in the black

Published Wed, Apr 10, 2019 · 09:50 PM

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DESPITE US President Donald Trump's tariff threats to the EU and the International Monetary Fund lowering its forecast of 2019 global economic growth, the Singapore market managed to inch higher, albeit just.

The bearish sentiment that weighed on Tuesday's US session saw the Straits Times Index (STI) open lower before eventually closing 2.05 points or 0.06 per cent higher at 3,327.65.

Markets in Asia mostly shrugged off the latest "Trump threat".

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