Singapore’s STI, Asia markets rise after US court blocks Trump’s reciprocal tariffs

[SINGAPORE] Singapore stocks rose on Thursday (May 29) morning, after a US trade court on Wednesday blocked US President Donald Trump’s “Liberation Day” tariffs from going into effect.

As at 9.12 am, the Straits Times Index (STI) opened 0.2 per cent or 7.56 points higher at 3,919.48. Across the broader market, gainers outnumbered losers 106 to 56 after 102.5 million securities worth S$161 million changed hands.

On Wednesday, the trade court ruled that the president overstepped his authority by imposing across-the-board duties on imports from nations that sell more to the US than they buy.