STI down 0.5% as Wall St losses sting
Worries ahead for stock markets as price action suggests more pain expected, says IG
SINGAPORE shares opened weaker on Tuesday, after US equities on Wall Street posted their worst start to April since the Great Depression in 1929.
Investors took their cue from overnight US markets which tumbled on the first trading session back after Easter holidays, both on trade war fears and a bearish turn for technology stocks.
Adding to the market's nervousness was US President Donald Trump's repeated threat to tear up the North American Free Trade Agreement, tweeting that Mexico was doing too little to counter illegal immigration into the US.
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